WOW, 100% mortgage. Wasn't that the very reason why the US has ended up in such a mess with defaults.
Still, as long as you guys get your commission, who cares, right? 7th Jun 2012 15:50
Yes, that is it. Everyone got 100% loans! No one lost their jobs, no one got furloughed, and property values did not decrease by 30%. You certainly can't blame the drooling buyers who would have never qualified to buy a goat let alone a house. Who filed bankruptcy twice in the past. Because surely they would have never signed for a mortgage that they knew they couldn't afford.
And yep, as long as we get our commission that is all that matters. Thats me :0) I'm filthy rich and I work for the fun of it. I never make friends with my clients. I'm too busy sailing off on my 85ft yacht after I leave the bank. And the only reason we are living in this sandpit almost 10,000 miles away from our family is because....
you take over on that part, it should suit your theories much better than mine.
