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KB Home Forming Mortgage Firm for Buyers With Nationstar

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  • William Matz | | 23 Jan 2013, 08:15 PM Agree 0
    Does not anyone else think this is nuts? Builder lender subsidiaries were one of the causes of the mortgage crisis. Remember then NY AG Andrew Cuomo's investigation resulted in HVCC, when then applied to virtually all mortgages, even tho' the problem was the inherent conflict of interest between builders and their lenders. There were nummerous examples of pushed appraisals to sell out subdivisions. the resulting defaults left buyers and mortgage investors in bad position. So why are we going to let builders start over again.
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