The sub-prime mortgage crisis was created by the making available of nil-deposit 100% mortgages, from which millions of Americans are now walking away. The only way to borrow now is to have a cash deposit regardless of a borrower's circumstances, as lenders have found that even a small cash deposit prevents borrowers from walking away ...
Posted on The Tap Blog
Friday 13 June 2008
Tragedy American-Style - Having To Have Cash!