Quote of the day: lenders not to blame for subprime mess

It gets under my skin how when things like this happen everyone starts talking about how lenders are bad, they’re so bad…It’s not true. I can’t say that mortgage brokers are to blame for this, or Wall Street or consumers. We have cycles like this in every credit industry. Several years ago, it was the credit-card industry that everyone was worried about. This is being painted as an ethics issue. That’s wrong. It’s a Capitalism issue.”

– Dan Green, mortgage loan officer with Mobium Mortgage Group and blogger of themortgagereports.com, talking about the subprime mortgage fallout in Metro Chicago Real Estate Magazine

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