In chapter 2, page 99, “Real-World Mistakes of Interpretations and Their Consequences”, the authors Rick Baker and Vivian Richard Beitman state that if homeowners had the skills to interpret the confusing loans created by the lenders they might still have their homes. Baker and Richard explain how during the recession, most of the mortgages were subprime, so the banks had to increase the interest rates, however, because the contracts were writing in a confusing fashion not a lot of people knew about it. Furthermore, they say that because of the homeowners poor interpretations skills the borrower's signed contracts with high interest rate that some weren't able to pay off and caused them to lose their homes and worsen the economy.
