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(Marketwatch)   Because it was so successful last time, No-money-down mortgages are back   ( divider line
    More: Fail, investment portfolio, subprime mortgage crisis, arbitrages, medical doctors, mortgages, student debt  
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7881 clicks; posted to Main » on 01 Feb 2013 at 3:41 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2013-02-01 03:47:51 PM  
4 votes:
My investment portfolio is nothing more than a soiled PapaJohn's menu.
2013-02-01 03:34:05 PM  
4 votes:
Looks like the government is forcing the banks to give out risky loans again.
2013-02-01 04:05:33 PM  
2 votes:

emersonbiggins: Reading is FUNdamental

It's 100% financing-the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They're almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral-the house and a portion of the client's investment portfolio in lieu of a traditional cash down payment.

Ha-ha, my investment portfolio is composed of banks that tend to enter into risky mortgage loans.
2013-02-01 03:37:36 PM  
2 votes:
And this time they come with a choice of toppings.
2013-02-01 04:09:35 PM  
1 vote:
totalmortgage.comView Full Size
2013-02-01 04:06:35 PM  
1 vote:

squirrelflavoredyogurt: their is nothing to stop them from giving them out to just anyone

Anyone with 20-30% of the value of their house in liquid investments. Yep, that's just anyone.

/Fer chrissake, learn how to write. You sound like an idiot.
2013-02-01 03:52:55 PM  
1 vote:

Hector Remarkable: My investment portfolio is nothing more than a soiled PapaJohn's menu.

That's the first time ever that "soiled" and "Papa John's" were used in a sentence together, as God intended.
2013-02-01 03:50:48 PM  
1 vote:
I blame McRib.
2013-02-01 03:47:55 PM  
1 vote:
works on contingency no money down
2013-02-01 03:46:29 PM  
1 vote:
Hopefully those "and when rates drop further, you can refi again!" commercials come back. Those were great.
2013-02-01 03:43:06 PM  
1 vote:

UberDave: And this time they come with a choice of toppings.

That's good!
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