Tag: mortgage brokers

Putting the kibosh on predatory lending

A sad story, particularly for someone in their twilight years. Ameriquest is no longer in business – Citicorp gets to deal with the fallout now. Read to the end – the huge commissions are what fueled this mortgage fire, and the associated housing boom. A lot of brokers who have little in the way of skills (other than ripping off 93 year old women) now have to figure out how to fuel their leased BMWs and Mercedes.

They I don’t feel the least bit sorry for.