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Loan Modification

: The Truth About Mortgage.com

1 in 3 Mortgages Were No Money Down At Height of Boom

By scot184

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In 2006, around the peak of the latest housing boom, roughly one in three homebuyers relied on no money down mortgages to obtain financing, according to remarks from former Fannie Mae chief credit officer Edward Pinto. That compares to about one in seven homebuyers in 2003, and one in 200 back in 1990. Pinto’s remarks, which were [...]

Full post as published by The Truth About Mortgage.com on September 08, 2010 (boomark / email).

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