22 Jul 08 I just looked at the graphs in the Duetche Banks 56 page report on loan failure etc.

The graphs show what the “Old Men Know!”
If the mortgage industry low ethic shops didn’t give loans to those who never should have gotten them we would not be in the real estate mess we are in. To be sure there were other factors contributing to our current state, energy price inflation being a significant one; but were it not for the greedy ethically challanged lending practices used by many in the loan industry the trouble would not be as bad as it is.
The mess they have created will take years to work itself out…
Steve Simon is the lead instructor of the Steve Simon School of real estate.

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