the origins of the indebted american homeowner: The Origins of the Indebted American Homeowner - 05/01/12 01:52 AM
Not long after the economic crisis began, the president's landmark Conference on Homeownership reported that "down payments of 10 percent, 5 percent, and even nothing down" had become common practice in the home-mortgage market. Reliance on second mortgages and novel financing terms, the report noted, were also widespread.
Although these developments sound all too familiar, this Conference on Homeownership was held in 1931 and the president sponsoring it was Herbert Hoover, not George W. Bush or Barack Obama. We often think of the expansion of easy mortgage financing as a relatively recent development, but the growth of indebted homeownership has older … (2 comments)

 
Suzi Boyle,Manager 37810/1251, Awarded"Nation's Top 200"--10 times (Castle & Cooke Mortgage, LLC, NMLS #1816289)

Suzi Boyle,Manager 37810/1251

Awarded"Nation's Top 200"--10 times

Boise, ID

More about me…

Castle & Cooke Mortgage, LLC, NMLS #1816289

Address: 512 N 13th Street, Boise, ID, 83702

Mobile: 208-859-3303

Office: 208-202-7890

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