Homeowners cash-out their home equity to supplement their incomes reminiscent of the bad behavior that spiraled out of control during the housing mania.
Lenders offer homeowners nearly free money, so unsurprisingly, borrowers take the money. During the housing mania, bankers offered this money ...
http://ochousingnews.com/blog/no-cash-out-refinancing-for-ponzi-borrowers-yet/
Thursday, October 6, 2016
No cash-out refinancing for Ponzi borrowers... yet
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