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The banks were as involved as the mortgage originators and the mortgagees.
FORBES: Obama's Stark Progressivism Gives Voters Choice Of The Century
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Known bondholders, mortgagees, and other security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities: None.
FORBES: LEGAL NOTICE
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Grupo MeXvi, a leading provider in Mexico of integral solutions for self-construction of low-income homes in rural and semi-urban settings, and FOMEPADE a microfinance institution pioneering micro-mortgagees, are doing their best to change that, starting with millions of Mexicans.
FORBES: MeXvi: Enabling Families To Have A Home
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And there is evidence that the poorly-regulated mortgage brokers - whose job it was to check the income of potential mortgagees - and the home appraisers, who had to value the property - began to exaggerate both the income of their clients and the value of the homes, thus getting higher fees themselves.
BBC: Carnage on Wall Street as loans go bad