Here Come the Lawsuits.....

Looks like a chain reaction, here…

Ome problem with these sub-prime loans is that the mortgage companies didn’t require the borrower to verify income. Thus the applicants lied about theri income. Thus, they couldn’t pay the loan back.

This is not entirely the lender’s fault. The borrowers should also be sued for fraud.

Just my opinion.

The problem with suing a person with no money is they don’t have any.
The lawyers will alway’s go for the top of the food chain.