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...to do thinks like sell a $400,000 home to people who could? only afford a $200,000 home?Mortgage brokers,offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments and exploding interest rates. Real estate agents, most of whom work for the sellers rather than the buyers, earned higher commissions from selling more expensive homes.
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Clinton took Carters crap bill and injected a move that made it mandatory that welfare be considered means to pay back a loan for a house that the minority owner could never possibly pay back. Another gem given to us by the loony left.
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