stated income loans: The Scapegoat of The Mortgage Crisis : The Dastardly Stated Income Loan - 05/02/08 01:15 PM
There have been many scapegoats in history. Steve Bartman, the Chicago Cub fan who many believe cost the Cubs a trip to the World Series for the first time in nearly 60 years. Bill Buckner, who made an error at first base that Red Sox fans believe cost them the 1986 World … (24 comments)
stated income loans: The Countrywide Mortgage Credit Crunch and What It Really Means To You - 08/16/07 11:00 AM
Countrywide announced today that they had to borrow $11.5 billion from a group of 40 banks to fund loans. This clearly shows us just how deep the lending crisis has become and shows you clearly why the smaller companies are closing. They don't have access to this kind of capital. But what does this … (20 comments)
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There have been many scapegoats in history. 
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