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January 26, 2007 – Comments (0)

“The market is paying me to do a no-income-verification loan more than it is paying me to do the full documentation loans,” he said. “What would you do?”

The words of the CEO of recently-bankrupted "Ownit."

(http://www.n...d=1&_r=1)

But hey, those robust rises in housing prices were based on sound fundamentals, right NAR?

And I'm sure the bottom is in now.

Wondering which heads will be on which platters when this gets ugly.

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