Zero Down Payment Home Loans! Subprime Loans — Again?!

Thursday, July 1st, 2010

Image by respres via Flickr From Bloomberg: “Builders and lenders are dusting off a familiar pitch: mortgages with $0 down and 100% financing. The deals, which take advantage of a little-known loan program at the U.S. Agriculture Dept., are bolstering sales in some areas. These new mortgages share some characteristics with the old ones now [...]

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©2010 David Steinberg