tag:blogger.com,1999:blog-34239589.post1665503712840200172..comments2024-03-27T11:00:44.652-05:00Comments on Michael-In-Norfolk - Coming Out in Mid-Life: Housing Crash Hits Hampton RoadsMichael-in-Norfolkhttp://www.blogger.com/profile/06330888799107186550noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-34239589.post-72348886128294609732009-01-29T19:19:00.000-05:002009-01-29T19:19:00.000-05:00Michael,You have a background in real estate law. ...Michael,<BR/>You have a background in real estate law. What happened to cause the failure of the loans? Was it the requirement put in about 10 years ago by the government requiring low income people to be offered loans at a discount or was it where mortgage brokers qualified the buyers on the lowest rate of an adjustable mortgage or it wasn't required that people justify their income? I see greed and profit the reason in general.<BR/>Thanks.Anonymousnoreply@blogger.com