United Wholesale Mortgage announced a 0% down program last month, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?
Zero-down mortgages are back sparking fears of being the new subprime loans which caused the 2008 market crash independent.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.co.uk Daily Mail and Mail on Sunday newspapers.
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the housing crash and 2007-09 Great Recession, UWM's zero-down loans have to meet criteria set by mortgage giant Freddie Mac.
Q&A: Alex Elezaj, United Wholesale Mortgage scotsmanguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scotsmanguide.com Daily Mail and Mail on Sunday newspapers.
Arizona homebuyers have new zero down option from top lender azfamily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azfamily.com Daily Mail and Mail on Sunday newspapers.