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The Stupids? Zero Percent Down Mortgages Return, What Can Go Wrong?
Confounded Interest ^ | 05/29/2024 | Anthony B. Sanders

Posted on 05/29/2024 9:06:16 AM PDT by Kaiser8408a

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To: Kaiser8408a
Not stupid, evil.

Cloward-Piven in full effect.

Thanks Boomers.

21 posted on 05/29/2024 10:04:45 AM PDT by SecondAmendment (The history of the present Federal Government is a history of repeated injuries and usurpations ....)
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To: Kaiser8408a

My understanding is that they are making these types of loans available to the “newcomers”.


22 posted on 05/29/2024 10:44:17 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: V_TWIN
I hope you’ve budgeted in for major repair costs......I’m sure the properties will be less than pristine once vacated.

Assuming you can even get them to leave.

23 posted on 05/29/2024 10:45:41 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Kaiser8408a

Next up the no interest loan.

There has got to be some kind of bidet underwriting of these loans. No way they could be sold otherwise. In 08 the CDOs had grouped loans by credit worthiness, with most of those being a sham because there was no equity once dead beats were given guaranteed mortgages. Defaults abound and no one went to jail.


24 posted on 05/29/2024 11:01:20 AM PDT by Mouton (A 150MT hit will not solve our problems now.)
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To: aquila48

They’re there to keep the yard mowed and keep the place up.


25 posted on 05/29/2024 9:27:27 PM PDT by Keyhopper (Indians had bad immigration laws)
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