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OK, but did you read such mortgages grew by xx% and conventional mortgages went down last year? Not all of them were buying out their relatives. "Lenders issue
by onetimemanytime 8y ago
OK, but did you read such mortgages grew by xx% and conventional mortgages went down last year? Not all of them were buying out their relatives.
"Lenders issued $34 billion worth of these unconventional mortgages in the first three quarters of 2018, a 24% increase from the same period a year earlier....the growth is notable because it came as traditional home loans declined. Those originations fell 1.2% over the same period and were on track for a second down year in 2018."