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Press release of the week: ‘Take out a mortgage even if you don’t need one!’

By Molly Priesmeyer | 09.24.08 | 1:16 pm

Crisis got you down? Spend all of your home equity now! And take out another mortgage while you’re at it. Cash is king! A press release this week from the CMPS Institute, an organization responsible for training and certifying mortgage bankers and brokers, reveals the lengths the industry’s heavyweights will go to in order to get a sale and keep Americans in debt, even after it’s common knowledge that years of reckless practices brought us here today.