They called them NINJA loans, No Income, No Jobs, no proof of income needed, to deny was . racism, liar loans to secure the money. 2007 to 2008 time frame. My wife and I locked in a nice house on the steep side of the incline, and went underwater for about 12 years... The market crashed about a year after we closed. We are just now seeing Daylight...
Yes! Kids our sons' ages right out of college were being approved for $300,000 homes which, for our area, were pricy. My father-in-law said when this was happening that if just 1 little thing went wrong the whole bubble would burst, which it did. He died a few months before this occurred.
They called them NINJA loans, No Income, No Jobs, no proof of income needed, to deny was . racism, liar loans to secure the money. 2007 to 2008 time frame. My wife and I locked in a nice house on the steep side of the incline, and went underwater for about 12 years... The market crashed about a year after we closed. We are just now seeing Daylight...
Yes! Kids our sons' ages right out of college were being approved for $300,000 homes which, for our area, were pricy. My father-in-law said when this was happening that if just 1 little thing went wrong the whole bubble would burst, which it did. He died a few months before this occurred.
Xactly... NINJA "No Income, No Job or Assests"
And then the fucking mortgage companies would TELL not ask the appraisers what the house was worth.