Geographer criticizes loan practices
Story date: 2007-10-26 11:52:00
Added on: 2007-10-27 20:43:19
Bellingham Herald - ... loans to borrowers with dubious credit, and to calculate higher interest rates on those loans to compensate. Investors began to pour money into financial institutions that made such loans, hoping for higher profits. The result: lenders made mortgage ...
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