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Passing the Buck / It's the LO's Fault / A Convenient Misunderstanding
So many people want to pass the buck,to blame anyone but themself for the mortgage crisis. The most maligned being the individual Loan Originator, LO. The LO's are an easy target because some of them are guilty with regard to their clients, but the same can be said about any and every identifiable group.
The LO's job is rarely understood.
Worst of all, LO's are vulnerable because in most states they are not even required the 90 to 180 clock hours of pass the exam class that the real estate agents call education! When the finger pointers want to it's easy to find Bubba, LO to represent all LO's.

No less than the esteemed Lenn Hardly said in IT'S A MORTGAGE MESS, NOT A REAL ESTATE MESS. A DEFENSE OF REAL ESTATE AGENTS
 "All the mortgage loan officer has to do is "SAY NO"!... in all the years I've been selling real estate, I've never known a loan officer who couldn't say "NO"."  Please consider following is from:The Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA) protect you against discrimination when you apply for a mortgage to purchase, refinance, or make home improvements.
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea08.shtm "Mortgage Discrimination

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