http://blog.lendingclub.com/2008/06/27/mortgage-marketing-mischief/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2008/06/27/mortgage-marketing-mischief/#comment-936 Phil Mon, 15 Dec 2008 23:35:29 +0000 http://blog.lendingclub.com/?p=774#comment-936 I was reading this article and realized how important the fine print was to this whole situation. For 99% of the mortgages, the reality of what was going to transpire was written down in the contract. But the desire of the bankers and brokers to get the "sale" and the desire of the would-be homeowner created a situation where millions of people just looked the other way. And now our economy is on stilts. Managing your money, and corporations managing their money, this really is at the center of the issue. We need some traditional views on debt and money management in the USA. I was reading this article and realized how important the fine
print was to this whole situation. For 99% of the mortgages, the
reality of what was going to transpire was written down in the
contract. But the desire of the bankers and brokers to get the
"sale" and the desire of the would-be homeowner created a situation
where millions of people just looked the other way. And now our
economy is on stilts. Managing your money, and corporations
managing their money, this really is at the center of the issue. We
need some traditional views on debt and money management in the
USA.

]]>