Putting a moral spin on the rise and fall of the subprime mortgage market, National Association of Realtors chief economist Lawrence Yun cited a deadly sin— avarice— as the reason for such woes. Lenders, he contends, were drawn to the high commissions of subprime market. Agents aren't let off the hook, either: they're also blamed for pressing buyers into taking on debts they can't afford. [InmanBlog]
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