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    were poured with abandon into exotic mortgage loans that allowed people to buy houses with a small amount down or without documenting their ability to repay the l
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    ime market isn't over, just much more strict than it has been in the recent 4 years. Before last week, as long as you were a legal citizen making minimum wage you could get approved for a mortgage loan. Suddenly, with much more strict lending policies, many bad credit borrowers are finding themselves either unable to refinance their properties or unable to buy a property at all.

    Is this just the shockwave of the housing downfall? During the housing boom that ended in 2005, funds were poured with abandon into exotic mortgage loans that allowed people to buy houses with a small amount down or without documenting their ability to repay the l

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    could get approved for a mortgage loan. Suddenly, with much more strict lending policies, many bad credit borrowers are finding themselves either unable to refinance their properties or unable to buy a property at all.

    Is this just the shockwave of the housing downfall? During the housing boom that ended in 2005, funds were poured with abandon into exotic mortgage loans that allowed people to buy houses with a small amount down or without documenting their ability to repay the l

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    ce their properties or unable to buy a property at all.

    Is this just the shockwave of the housing downfall? During the housing boom that ended in 2005, funds were poured with abandon into exotic mortgage loans that allowed people to buy houses with a small amount down or without documenting their ability to repay the l

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    were poured with abandon into exotic mortgage loans that allowed people to buy houses with a small amount down or without documenting their ability to repay the loan. This was the gasoline that stoked the housing boom fire. Mortgage companies were completely mindful of what they were doing the whole time. They had no justification offering some of their loan products to people of sub prime credit and in the eyes of many people the very process of doing so constituted as predatory lending. I mean use your head, offering an individual who only makes minimum wage an interest only 3 year loan? What do you think is going to happen in 3 years? But the banks didn't care one bit because the investors didn't care and so long as there were investors to buy the loans back there was no need to look back.

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