Dirty Little Secret About the Mortgage CrisisSubmitted by cactus1010 on Thu, 01/31/2008 - 17:37
Few people realize that many of the home builders also owned and operated their own mortgage and title companies.
Of course, these home builders had a vested interest in making sure all their sales for homes were approved for a mortgage.
Now you might ask, why would the government allow such a conflict of interest... can anyone say, home builder lobbyists?
People have no idea how very bad this whole thing is going to get.
I've been predicting it for the past two years and what's happening currently is just the tip of this vast iceberg.