Friday, November 20, 2015

OCHN: What’s different about the latest housing bubble?

Housing bubble 2.0 is built on stable, fixed-rate mortgages applied to verified wages rather than unstable affordability products applied to borrower lies.

The Great Housing Bubble of the 00s was inflated by mortgage affordability products such as option ARMs that allowed borrowers to obtain...
What’s different about the latest housing bubble?

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