Fully Deluded: Wall Street Rag

Zero Down Is a Foreclosure Factor (Duh)

Posted from The Big Picture 259 days ago
Fully Deluded : Market

There is a kind of weird OpEd in today’s WSJ by Stan Liebowitz. The professor makes the incredible discovery that zero down payments, 100% LTV financings tend to slide in great numbers into foreclosure: “What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of [...] (original story)