Mortgage Renegotiation

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Mortgage Renegotiation

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03-17-2009, 01:50 AM

#11

Beestie

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Join Date: Feb 2003

Location: Parts unknown.

Posts: 4,081

Quote:

Originally Posted by classicman

And the legislation that enabled them is at fault, no?

There was no enabling legislation - there was also no legislation prohibiting lending institutions from orginating the stuff.

There's no law against making risky loans. Nor will there be. Free market thing and all.

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