Date: August 23rd, 2006

Bad lenders, bad loans

23 August, 2006 (09:23) | Uncategorized |

Our vision of the evil banker is one who will not lend,
 

 
but the real evil mortgage banker is he or she who entices an applicant into signing a note he or she cannot repay, and then exits stage left, clutching origination fees, as revealed in this Boston Globe story:
 
The state has shut two licensed [...]