I personally think they used this as one of the indicators of "sub-prime" because there were a TON of flippers in ~2004/05 (knew one guy who owned 40 houses wit

I personally think they used this as one of the indicators of "sub-prime" because there were a TON of flippers in ~2004/05 (knew one guy who owned 40 houses with a group of 4 friends) All APR to keep all the payments lower... they lost them all in 08/09.