A duty to whom? Part 3, the response
[Continued from yesterday’s Part 2 and Part 1.]
Yesterday we saw that, in the lushly populated home-mortgage financial ecosystem, those closest to the borrower (individual agents and mortgage originators) were quite understandably marketing aggressively the new lower-payment-per-dollar-of-house loan variants that included not just interest-only loans but negative-amortization loans. Insurers were whimpering that lenders […]
