The Nation: Sex and the Mortgage

Stocks and bonds, yes, but birth control pills as collateral for a loan? Al most. A year ago, Martin Lewicke, a Navy petty officer second class, sought a mortgage to buy a $27,000 house in Arlington, Va. He knew that his $7,660 pay was not sufficient leverage, but he figured that his wife's $11,000-a-year job as a magazine editor would qualify them for the loan. Leon Graybill of the Floyd E. Davis Mortgage Corp. agreed, but how, he wanted to know, could he feel confident that Carol Lewicke would not get pregnant, leave her job and default on the payments?

Graybill recalls...

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