Archived Having Learned Nothing From 2008, Fannie Mae, Freddie Mac offer home loans for 3% down (foxbusiness.com)
submitted ago by daskapitalist
Posted by: daskapitalist
Posting time: 2.3 years ago on
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Archived on: 11/14/2018 10:00:00 AM
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Archived Having Learned Nothing From 2008, Fannie Mae, Freddie Mac offer home loans for 3% down (foxbusiness.com)
submitted ago by daskapitalist
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[–] hang_em_high 0 points 4 points 4 points (+4|-0) ago
I don’t think that has anything to do with 2008. I know a couple people that got these and you have to go through a lot of shit to get a house with one. In 2007 they weren’t even confirming income, just selling the loan right away.
[–] 13560730? 0 points 1 point 1 point (+1|-0) ago
Also not seeing the folks with 3-4 mortgages as they cash out the increased "value" of their home every year or so. Folks were treating their homes like a bank account instead of an investment. Nor are we seeing the widespread use of interest only loans.
[–] daskapitalist [S] ago
Gotta love those NINJA loans.