https://www.zerohedge.com/news/2018...unches-3-down-mortgage-no-income-restrictions
Why not? All defaults back-stopped by US tax payer.
Why not? All defaults back-stopped by US tax payer.
Freddie Mac Launches "3% Down" Mortgage With No Income Restrictions
- Thread starter Scataphagos
- Start date
https://www.zerohedge.com/news/2018...unches-3-down-mortgage-no-income-restrictions
Why not? All defaults back-stopped by US tax payer.
The sub-prime default cycle is coming back...
In the same way that not all students should be going to college -- not all people should be homeowners. Continually easing lending standards to make "home ownership more achievable" even for unqualified people is a recipe for a repeat of the 2008 disaster.
Reminds me of what an old friend turkey farmer used to say.... "Live and learn. Mostly just live".