Reply #12: Yes, I did read the papers I signed.

[PSPS]

Also, I bought within my means, provided tax returns to prove my income, and made a 20% down payment in non-borrowed cash that I spent years saving. Up until that time, I rented.

And, if I couldn't have afforded to buy a house, I would have continued to rent. I wouldn't have ever considered taking out a NINJA option-ARM loan with "payment options" that included a negative-amortization payment, thinking that I could either refinance with another NINJA before recast or "flip" the house. Furthermore, if I were in such a situation, I wouldn't be screaming "the bank tricked me" and expect the taxpayers or anyone else to buy my house for me.