Kinda, yea. NINJA / no doc loans are more expensive, so if you have the paperwork to qualify as a prime borrow, you should probably do so. I need to sit and re

Kinda, yea. NINJA / no doc loans are more expensive, so if you have the paperwork to qualify as a prime borrow, you should probably do so. I need to sit and read the paper really, but my initial assumptions going in: growth in subprime lending increased prices, and what made the crisis was how vast swaths of Prime America refinanced at those inflated prices, effectively withdrawing equity it had built up. I'm having trouble squaring a relatively small percentage of subprime borrowers causing a 20 percent decline, so perhaps its time I shutup and read the paper.