Originally Posted by After Shock Media

Also keep in mind many of these predatory loans were not made to home buyers but to those who needed help with their current home. They went in and convinced or out right lied to people (specially seniors and minorities) who already either owned their own home free and clear of was a few payments behind. Not only did they fuck them in the ass with a huge ass loan, often they stole the homeowners equity and turned them from home owners needing assistance to house renters in their own house with no equity anymore.