We're back to stated income loans (with 30% down) and FHA with 3.5% down. Someday, many of these borrowers will make the "business decision" to default. Maybe the benefits outweigh the risks for lenders, but...
We're back to stated income loans (with 30% down) and FHA with 3.5% down. Someday, many of these borrowers will make the "business decision" to default. Maybe the benefits outweigh the risks for lenders, but...
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