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Prevent immoral lending practices

July 05, 2009

Re: "2 new websites can help buyers save on closing costs, loans," June 28:

"It's the loans, not the borrowers" that drove the housing and mortgage debacle, a Ford Foundation executive said. "A lot of people were driven into inferior products, even when they qualified for prime loans."

The quoted statements reflect immoral behavior that must be prevented. I can only hope we have learned from this and developed the proper safeguards for potential homeowners and the economy.

Karl Strandberg

Long Beach

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