Leo Quinn
Leo's latest writings
Crisis? What Mortgage Crisis?
As I write this there is a crisis in America in the sub-prime lending industry. A sub-prime loan happens when homebuyers with low credit ratings are offered mortgages with high interest rates. Advocates of sub-prime financing tout it as a way for low-income residents to own their first home. This crisis clearly shows sub-prime loans are having the opposite effect. Well, knock me over with a feather. You mean to tell me that... (posted by Leo 4 years 299 days ago.)
As I write this there is a crisis in America in the sub-prime lending industry. A sub-prime loan happens when homebuyers with low credit ratings are offered mortgages with high interest rates. Advocates of sub-prime financing tout it as a way for low-income residents to own their first home. This crisis clearly shows sub-prime loans are having the opposite effect. Well, knock me over with a feather. You mean to tell me that... (posted by Leo 4 years 299 days ago.)
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