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Anatomy of a Train Wreck
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<blockquote data-quote="tieguy" data-source="post: 410658" data-attributes="member: 1912"><p><span style="color: blue">If the lending institution assures the person can afford to make the monthly payment then it really does not matter what type of loan is offered. creativity by itself has nothing to do with it. creativity will always be out there. The fundamental process of ensuring the borrower can afford to make the payment did not occur thus the defaults and collapse.</span></p></blockquote><p></p>
[QUOTE="tieguy, post: 410658, member: 1912"] [COLOR=blue]If the lending institution assures the person can afford to make the monthly payment then it really does not matter what type of loan is offered. creativity by itself has nothing to do with it. creativity will always be out there. The fundamental process of ensuring the borrower can afford to make the payment did not occur thus the defaults and collapse.[/COLOR] [/QUOTE]
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