|
Why not make it illegal to miss a payment, spend more than you earn, get foreclosed on, go bankrupt, etc? My point is that the consumer must have some level of responsibility for their own welfare. I'm not a fan of the option arm either (never done one for anyone in fact - but then again I don't originate actively anymore) but at what point does it become the LO's responsibility to make a general decision for a borrower's welfare instead of allowing the borrower to make the decision themselves?
__________________ Ads are only allowed in the Mortgage Services category. Please respect this rule and keep the board clean for everyone. Thanks! |