Perhaps the last thing the market needs is another shady financial product that pushes low-income Americans into homes they can’t afford, under terms that could bankrupt them.
The zero-down mortgage is making a comeback, my colleague Matt Egan reports.
And honestly, when has the value of the housing market ever gone anywhere but up up up up?
The housing market, as we all remember from “The Big Short,” does not always go up.
One way for motivated buyers to hunt for a lower mortgage rate is buy someone else’s.
Persons:
America’s, aren’t, Matt Egan, you’re, let’s, didn’t, you’d, you’ll, ”, Patricia McCoy, ” Alex Elezaj, ” Adams, “, Samantha Delouya, Ellen Harper, Samantha, ” Harper
Organizations:
New, New York CNN, Wall, United Wholesale Mortgage, Boston College Law School, CNN, “
Locations:
New York, Georgia