home loan disclosures

Is the term ,”predatory loans” a cop out to excuse poor judgeement and greed on the borrowers part. ?

Last I heard you had to be an adult to get a mortgage. There are disclosure statements that need to be signed before funding.The problem is that borrowers bought homes they could not or would not pay for. Many had bad pay records that organizations like acorn insisted be ignored. Phony pay stubs and altered tax documents were the norm. Dead beats bought houses. Obama says everyone should have access to a mortage. Everyone should make their payments then.

It’s an excuse to create “Nanny States” …..

home loan disclosures