Giving money to the unemployed was a bad idea, lenders determine

Sub-prime mortgages weren't the best idea, lenders decide

Aug. 16, 2007 | Sub-prime lender Barry Lear reacts to the market on Thursday. He firmly believes approving loans for unemployed applicants will pay off one day.

PARK CITY — “As it turns out, those with a history of skipping payments, making late payments, exceeding credit card limits and declaring bankruptcy are not the best people to loan your money to,” says sub-prime CEO Brad Morrice. "But...  [more]





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