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'Liar loans' threaten to prolong mortgage crisis (AP via Ya

 
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Shemaiah
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Joined: 25 May 2006
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PostPosted: Tue Aug 19, 2008 10:08 pm    Post subject: 'Liar loans' threaten to prolong mortgage crisis (AP via Ya Reply with quote
In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."

[url=http://us.rd.yahoo.com/dailynews/rss/search/mortgage+interest+rate/SIG=12065m43g/*http%3A//news.yahoo.com/s/ap/20080818/ap_on_bi_ge/liar_loans_6]Read more...[/url]
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