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The Subprime Blame Game: Where Were the Realtors?
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******************************** The Subprime Blame Game: Where Were the Realtors? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1824 It is a scene millions of Americans have been in -- sitting next to a real estate agent at closing to sign the papers for a new home. Often, the buyer has spent months with the agent. And to hear agents tell it, they are indispensable guides through the hazardous home-buying terrain. How is it, then, that millions of borrowers took on toxic subprime mortgages that could cost them their homes? Why did their agents not warn them off? While much criticism has been leveled at subprime lenders and mortgage brokers, some experts say that real estate agents have managed to escape their share of blame for the subprime mess.
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