ST Alpha - ""In 1990, one in 200 home-purchase loans (all government insured) had a down payment of less than or equal to 3 percent. By 2003, one in seven home " (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 154

"In 1990, one in 200 home-purchase loans (all government insured) had a down payment of less than or equal to 3 percent. By 2003, one in seven home

Posted by Loyola Sep 15 '10, 10:57

buyers had such a low down payment, and by 2006 about one in three put no money down."

http://www.bloomberg.com/news/2010-09-08/subprime-2-0-is-coming-soon-to-suburb-near-you-commentary-by-edward-pinto.html (www.bloomberg.com)

Responses:

ah, overleveraging. it worked out so well for banks, hedge funds *and* individuals...nm - xi Sep 15, 11:02
[deleted] 4
- You get a house! You get a house! You get a house! Every-body gets a house! -- nm - US Gubmint Sep 15, 11:18
- which just ignores the fact that there are government housing assistance programs that actually do work, and have substantially lower default rates. -- nm - znufrii Sep 15, 11:10
- "Stop wasting rent check after rent check..." That's right! Become a responsible homeowner! -- nm - Mop (223 lbs) Sep 15, 11:08
- [deleted]
Our first home had almost no down payment (FHA) and since then we've gone from house to house -- nm - oblique Sep 15, 10:58

Post a message top

Replies are disabled on threads older than 7 days.