Thursday, July 19, 2007

Once upon a time, in a country far, far away …

Subprime loan market grows despite troubles (2004)

"Even if other banks may have turned you down. We don't care — we want to get to know you," says a mailing from Home 123. "We'll get your loan application processed instantly, privately and anonymously over the Internet."

Federal Reserve Governor Edward Gramlich has said subprime lenders helped push homeownership to record levels, making it possible for a growing number of minorities to buy homes.

Nice one Eddie.

Posted by paul @ 07:00 PM (480 views)
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