An End to Liar Loans?
"mortgage bankers and brokers, hot for commissions, looked the other way when signing homebuyers up for loans that were booby-trapped with balloon payments and escalating interest rates."
In the midst of the mortgage crisis, home buyers were unaware that they were being setup
The gate keepers who should have advised them of the pitfalls, were self-dealing.
Who were the liars anyway? Follow the money.
Certainly, one would not suggest that a home buyer, knowing that he/she was signing up for a loan that was booby-trapped, would move forward with the deal.
Home buyers were deceived.
All who have participated in this scam, should be thrown in jail.