Sir, don’t you understand that it is a God given right under our evolving and elastic Constitution that every US resident, including illegal aliens, have a right to finance, with no provable income and no money down, two bedroom condos for $650,000?
Two bedrooms? You’re selling yourself short. Three at least for any decent home. Master, kids, office
I believe what happened was at first it was to finance lower income homes, but then the banks applied that to the middle class in general, giving them the balloon loans that came due to pop this year, am I right? It wasn’t the minorities that we saw being interviewed about losing their $400k homes, worth $200k.