Category Archives: Liar Loans

Britain Revamps Mortgage Lending Rules

Mortgage lenders in Britain will soon have to verify the incomes of all people taking out mortgages according to new regulations suggested this week. I don’t get it. Why would lenders need to be regulated in this way? Lenders have … Continue reading

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Liar Loans Lengthen Mortgage Misery

Alan Zibel writes: In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower’s income or assets. Many homeowners with liar loans are stuck. Losses on liar loans could total $100 billion, according … Continue reading

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