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'Liar loans' exasperate crisis

 
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Jaalam
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Joined: 19 May 2006
Posts: 8771
PostPosted: Tue Aug 19, 2008 10:08 pm    Post subject: 'Liar loans' exasperate crisis Reply with quote
In the mortgage industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets.

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