Tuesday, July 14, 2015

OCHN: Interest-only mortgages return

Interest-only loans won’t inflate a new housing bubble if they remain relegated to the fringes where few borrowers use them.

Every loan product has its place, even the toxic loans of the housing bubble: Option ARMs, interest-only, reverse mortgages, adjustable rates, high LTV, subprime....
Interest-only mortgages return

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