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Catchword for “liar’s loan”
Catchword: liar’s loan
Filed under: , ,
Part of speech: n.
The part of speech reflects that used in the full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: Over half of subprime mortgages are stated-income loans, loans which the industry often refers to as “liars loans.” The question is, who’s lying? According to a survey of over 2,000 mortgage brokers, 43% of brokers who make these loans do so because they know that their borrowers don’t have the income to qualify for the loan.
Article or document title:
“Hearing On Preserving The American Dream: Predatory Lending Practices And Home Foreclosures” (URL)
Author:
Christopher Dodd
Article, document, publication, web site:
OpEdNews.com
Date of publication:
Feb. 7, 2007
This cite belongs to a full entry for liar’s loan.
Posted 9 Feb 07 | Permalink | Tell a Friend

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