Didn't We Learn

| June 04, 2018
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I saw a fascintating article on Bloomberg BusinessWeek recently that detailed how subprime mortgages are being originated and backed by the government.

Getting Rich on Government-Back Mortgages

Yup you read that right.

Check out his belt buckle.

He peddles government-backed mortgages to people who really do not qualify for these loans - based on their original intent.

Typically these programs are for those with poor credit but have the ability to put down 3.5% of the home's purchase price. However, many of these loans no longer need any downpayment and if they do there is a loan for that!

However, companies like these non-bank lenders have no skin in the game so why do they care what happens after they are paid to originate the loan.

Especially, when they have taxpayers (read as you and me) to back them up.

If you want part of this lucractive underbelly, don't worry just pay the focal point of the story $50 a month for access to Millionaire Mortgage University.

You can't make this up!


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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