February 05, 2013 at 14:50 PM EST
No-Money-Down Mortgages Can Destroy Affluent
Here comes another lame idea in finance, made especially for affluent investors with little sense. Banks are offering no-money-down mortgages secured by portions of an investor’s portfolio. Maybe this is a sign of how desperate high-end homebuilders have become to move new inventory. It’s definitely a sign that parties to mortgages are once again throwing [...] View the full post at: No-Money-Down Mortgages Can Destroy Affluent Related posts: BofA Agrees in $8 bln Settlement Over Bad Mortgages Mortgage Meltdown Continues New Cars, Mortgages, and Race
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