It Ain't Over

All that stuff about lunatic mortgages--lying borrowers and venal brokers and lenders who scooped up the cash until the roof fell in. You think it's over? Ha! Here's the Google Ad at the top of this page as I write:

Refinance Rates at 4.875% $150,000 at $609/month.

And then, the sweetest words in the English language:

No SSN Rqd.

Afterthought: Hm. A little arithmetic suggests that 1/12 of 0.0475=0.004063, and that $150,000*0.004063 = $609. Actually $609.375, but who's counting? Anyway, this appears to be an interest-only loan.