Active Users:1017 Time:13/11/2024 06:41:00 AM
As a professional in financial services - no, it is not. - Edit 1

Before modification by Aeryn at 13/10/2010 01:45:47 AM

The mortgages that banks make have risks associated with them. That's why they charge an interest rate, that they themselves set. No one forces them to give out loans. Now, if the government mandated an artificially low interest rate in return for homeowners promising not to walk away from mortgages, that's be a whole other matter. The banks aren't innocent victims. When they write the mortage, they access and take on the risk and the reward.


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