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Subprime Related Lawsuits

Subprime Related Lawsuits

He cites as examples appraisers, "fee hungry" mortgage brokers, and real estate agents who participated in putting home buyers into subprime mortgages they could not afford.
Ref. https://www.mortgagenewsdaily.com/6302008_S...ge_Lawsuits.asp

Lawsuits Related Subprime

I do think some accountability for misleading a client is required but the consumer needs to be accountable to not using their own common sense. If you are barely able to float a mortgage at sub-prime rates then you need to kick yourself for being a fool. The brokers should also be held to allowing a 50% variance in any rate applied to help protect people from themselves. Sound like a repeat of the 80's to me.