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Subject:  Re: GA Deal I'm working... Date:  2/22/2006  9:36 AM
Author:  namkato Number:  7640 of 14302

"A) MILLIONS of bnaks and borrowers finance at 100% LTV. Are they all wrong, in your opinion?"

This is correct, they have been doing this for about 4 years. The practice is untested in a RE downturn, and could result in millions of borrowers like yours losing their houses. You throw in a neg-am and it compounds the problem. There is a very high percentage of borrowers out there who do not know what their loans can do to them, but the lenders are very aware. Predatory lending does not end with the Ameriquest settlement, it is widespread, boiler room tactics.
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