4 ms·
They were giving mortgages to people they knew couldn't afford them in 08. I have not seen any evidence of that here.
by HDThoreaun 4y ago
They were giving mortgages to people they knew couldn't afford them in 08. I have not seen any evidence of that here.
- dilyevsky 4y agoI think the implication here is if you lose your job and can’t find it for a while you suddenly can’t afford your mortgage either
- purpleblue 4y agoThe job market is still historically EXTREMELY strong. We would need unemployment to hit over 5-6% before mortgages became an issue.
- yardie 4y agoIf you mean dentists, lawyers, and doctors. Yeah, they were giving too many prime borrowers with great credit scores way more debt than they could sufficiently manage.