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“Liar loans” still available, but not for everybody

NorthJersey.com
According to Ken Alverson, partner at New York City-based Novantas, a research and consulting firm, the loans have been around since the 1980s and are designed mainly for self-employed borrowers who don’t document all of their income – to dodge taxes.

Read more: “Liar loans” Still Available, But Not For Everybody

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