If you’re buying a home, making a mistake on the mortgage can cost you thousands of dollars.
Ted Janusz confesses his sins of being the kind of mortgage lender all of the good folks in the industry dread on the Business Week website. He talks about how easy it is for mortgage lenders to rip people off, how they look to cherry pick the B/C borrowers, etc.
Nice stuff. Read it and weep.
Oct. 30, 2006