Quote:
Originally Posted by spunky99
and the people who got the loan that they shouldnt have been able to are just as greedy as the people giving the loans.. so lets arrest them too
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Did you read or are you just posting typical stupid right wing bullshit.. The people whom got the loans applied for a loan and gave country wide their correct financial info.
Countrywide then often refilled out new applications changing the financial info so that the people could then afford the loan "on paper". The customers were not committing fraud, countrywide was.
Not to mention a large amount of these loans were adjustable rate so the customers would see a much lower payment that they could likely afford not realizing that it would balloon up to something they couldn't.
The simple fact is the customers hired "professionals" for their loan services and the professionals committed fraud and mislead the consumers.