When the mortgage industry innovations fail, millions of people lose their homes, and taxpayers fork over billions in bailout aid to foolish lenders and foolish borrowers.
Financial innovation:
Designing a loan program that borrowers won’t repay but lenders and investors will fund.
Most...
You pay for failed mortgage innovations with your taxes and your home
Wednesday, March 16, 2016
OCHN: You pay for failed mortgage innovations with your taxes and your home
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