The Top 10 States for Home Price Declines

I have spent 30 plus years working for a number of giants in the mortgage and banking industry. The only reason that we are at this point in our enconomy is lack of scruples, greed and lack of character on the part of some bankers and Wall Street investment bankers.

More specfically, when a loan is orginated the loan officer,customers and banker knows without a doubt if they are qualified for the home loan. Fannie Mae and

Freddie Mac (who I worked for)audit each letter with loan models showing income, loan amount, appraised value, assets of prospective borrower, credit report, and homes of comparable value in the neighborhood. So, what happened????? Its simple they chose to ignore standards.There should be Jail time for those proven to ignore their legal responsiblity. I spent to many years in lending to buy all this bull,its FRAUD,MALFESANCE,AND THE PEOPLE WHO ALLOWED DESERVE THEIR MEDICINE. THANKS FOR YOUR TIME

Bob of IL 1:58AM March 27, 2009