{"id":3031,"date":"2008-04-28T06:36:35","date_gmt":"2008-04-28T13:36:35","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3031"},"modified":"2008-04-28T06:36:35","modified_gmt":"2008-04-28T13:36:35","slug":"inside-the-liars-loan-how-the-mortgage-industry-nutured-deceit","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3031\/inside-the-liars-loan-how-the-mortgage-industry-nutured-deceit\/","title":{"rendered":"Inside the Liar’s Loan – How the Mortgage Industry Nutured Deceit"},"content":{"rendered":"

Well-written piece<\/a> by Mark Gimein<\/a> in Slate this morning asks an interesting and important question:<\/p>\n

In ordinary circumstances, the people and institutions you deal with reinforce social norms. They say it’s not OK to lie. But what happens when the structures and institutions break down and start telling you the opposite?<\/em><\/p><\/blockquote>\n

The answers it portends are unsettling.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Well-written piece by Mark Gimein in Slate this morning asks an interesting and important question: In ordinary circumstances, the people and institutions you deal with reinforce social norms. They say it’s not OK to lie. But what happens when the structures and institutions break down and start telling you the opposite? The answers it portends […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,6],"tags":[],"class_list":{"0":"post-3031","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"category-marketing","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5557,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5557\/paulson-translated\/","url_meta":{"origin":3031,"position":0},"title":"Paulson Translated","author":"Tom Vanderwell","date":"November 12, 2008","format":false,"excerpt":"After listening to and reading the text from Paulson\u2019s speech this morning, I had to sit down and translate it because there was so much he wasn\u2019t saying and so much that he was saying that was just not \u201cright.\u201d\u00a0\u00a0 I hope that you\u2019ll do two things: Take the time\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"End of Story","src":"\/DOCUME%7E1\/TOMVAN%7E1\/LOCALS%7E1\/Temp\/msohtml1\/01\/clip_image001.gif","width":350,"height":200},"classes":[]},{"id":4578,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4578\/the-vanderwell-proposal-project-rebuild-banking\/","url_meta":{"origin":3031,"position":1},"title":"The Vanderwell Proposal – “Project Rebuild Banking”","author":"Tom Vanderwell","date":"September 22, 2008","format":false,"excerpt":"Since Secretary Paulson put his proposal in three pages, I'm going to lay out my proposal in less space than that.\u00a0\u00a0 Here goes: Point #1 - The Treasury is hereby authorized to spend up to $700 Billion to stabilize the banking and financial services sector in such manner as it\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3917,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3917\/mortgage-market-week-in-review-6\/","url_meta":{"origin":3031,"position":2},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"August 15, 2008","format":false,"excerpt":"Well, it\u2019s Friday again, and as one of the few remaining Fridays of the summer, I hope you can get out and enjoy the weekend (and hopefully the weather where you are will allow you to!) So what\u2019s been happening in the mortgage market this week? This week it\u2019s been\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4256,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4256\/excerpts-from-the-press-release-about-the-death-of-fannie-and-freddie\/","url_meta":{"origin":3031,"position":3},"title":"Excerpts from the Press Release about the Death of Fannie and Freddie…..","author":"Tom Vanderwell","date":"September 7, 2008","format":false,"excerpt":"Treasury Press Release I have clearly stated three critical objectives: providing stability to financial markets, supporting the availability of mortgage finance, and protecting taxpayers \u2013 both by minimizing the near term costs to the taxpayer and by setting policymakers on a course to resolve the systemic risk created by the\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7439,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7439\/kicking-the-camels-habit-is-your-bank-safe-and-sound\/","url_meta":{"origin":3031,"position":4},"title":"Kicking the CAMELS Habit: Is Your Bank “Safe and Sound”?","author":"Brian Brady","date":"March 10, 2009","format":false,"excerpt":"The FDIC developed an acroynm for the composite ratios it runs to \"rate\" the financial health of its member banking concerns. \u00a0 An index, ranging from one to five is calculated and the FDIC premium charged to the institution is commensurate with its CAMELS rating.\u00a0 \"CAMELS\" stands for: Capital Adequacy\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18710,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18710\/2023-housing-bubble-or-2024-real-estate-boom\/","url_meta":{"origin":3031,"position":5},"title":"2023 Housing Bubble or 2024 Real Estate Boom?","author":"Brian Brady","date":"May 15, 2022","format":false,"excerpt":"Zillow \"creates\" digital home valuations and The Fed \"creates\" digital currency so it's not like we are dealing with credible institutions BUT: The Dallas Fed is worried that housing is overvalued. Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3031"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}