No, the HB was based on several factors like predatory lending from banks and mortgage companies, unethical appraisal practices, non-uniform underwriting standards and the biggest culprit, sub-prime lending leading to sub-prime mortgages bundled and sold with premium quality mortgages that were underwritten using Fannie Mae and Freddy Mac regulations.
There was a point where you could get a non-documented loan with just 5% down if your fica scores were high enough. Investment property loans with just 10% down when certain conditions were met. Anybody could easily make W-2 forms say anything they wanted. Employment was not verified and pay stubs made in minutes with your PC.
Not the same as Amazon.
