Buy custom Financial crisis 2008
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1050 |
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US Department of the Treasury suspicious activity report of mortgage fraud increased by 1,411% between 1997 and 2005
High-risk loans - A variety of factors have caused lenders to offer an increasing array of higher-risk loans to higher-risk borrowers. In addition to considering higher-risk borrowers, lenders have offered increasingly high-risk loan options and incentives...
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In addition to considering higher-risk borrowers, lenders have offered increasingly high-risk loan options and incentives. These high risk loans included the "No Income, No Job and No Assets" loans. The banking industry provided home loans to undocumented immigrants, viewing it as an untapped resource for growing their own revenue stream...
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