High-risk loans enable buyers to obtain, not afford, homes

Guest perspective: An insider's view on the subprime mess

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Editor’s note: Steven Krystofiak offers an insider’s take on what’s been unfolding in the subprime mortgage industry. But he is no industry apologist. Stay tuned for a series of articles from Krystofiak on Inman News in coming weeks. (Read the first article, “What is a subprime loan? It depends on whom you ask.”)