The Consumer Ain’t-No-Credit Crunch has Started

is different.  People WANT to refinance, but the banks don’t want to lend to anyone.  This year... is not high enough to do the refinance.  I could have done your loan 2 months ago, but now the bank raised....’ White Guy:   ‘I really need some help.  A refinance could lower my monthly payments and help me get..., but it is not.  People are NOT going to pay on these loans when they are told they cannot refinance them.  Why... into foreclosey!”   By not allowing someone to refinance to lower rates, they are that much closer to just