High Interest Rate Mortgage Loans to Bank Clients Question
Question Description
I’m working on a finance question and need a sample draft to help me learn.
Banks still continue to push high interest rate mortgage loans to clients whom they know can’t afford the interest, at least not in the long term. The same thing that they did in the 2008 subprime housing crisis. To an ill informed client the cooling of the housing market may seem good however in reality the interest rate is at the worst it’s ever been and the prices haven’t really dropped that much.
What bank has to do with the current problem.
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