|This email was sent to you by:|
Anonymous User |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Return of 100% Financing
Some affluent buyers are getting the keys to their new home without putting a penny down. It's 100% financing-the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They're almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral-the house and a portion of the client's investment portfolio in lieu of a traditional cash down payment...
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.