Housing ‘nightmare’ tarnishes the American dream
Monday, March 19th, 2007CHICAGO: Jillayne Schlicke’s father used to tell her that mortgage banking was the “highest calling of all” because it involved helping people live the American dream of homeownership.
“I learned how to spell ‘mortgage’ when I was about 6 years old. It was on a flash card,” said Schlicke, the daughter of two mortgage bankers and co-executive director of the Ethical Lending Foundation near Seattle.
As a widening crisis over non-traditional and subprime mortgages gone bad threatens to force millions of people out of their homes, Schlicke worries that mortgage brokers are well on their way to overtaking used car salesmen on the list of professions least trusted by consumers.




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