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Bank of America Tests No-Down-Payment Mortgages for Minority Communities
- nibs 4y agoMarkets in everything: Segretation in the debt market edition.
- AnimalMuppet 4y agoLet's see. No down payment. Rising interest rates which may cause declining house prices. What could possibly go wrong? Now all we need is for someone to decide that if they package a bunch of these loans together into a larger financial instrument, the risk disappears...