Accusations that low income
4. August 2013
“Accusations that low income borrowers caused the recession are misplacedAccusations that low income borrowers caused the recession are misplaced evidence shows that a borrower’s income level was not a reliable predictor of which homes were foreclosed or abandoned. The structuring and costs of loans were among the biggest factors that led to the housing crisis. Habitat homeowners across the country are demonstrating that the right sized loan given to a prepared first time homeowner opens a door to a brighter future..
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A couple of hundred early revellers were on hand Friday afternoon for “Opening Ceremonies” at the 18th edition of First Night Monterey some to bid a sad farewell to 2010, and others who were anxious to kick it in the pants on its way out the door. Whether the previous 12 months were good ones or bad depended on your perspective. “Good riddance,” growled Tim Christie, a construction worker from Gilroy who said work has been hard to find.
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