Waves from 2005 where people literally could not afford the loan they just were ...

sethammons on Sept 9, 2020 | parent | context | favorite | on: The Fed now owns nearly 1/3 of all U.S. mortgages

Waves from 2005 where people literally could not afford the loan they just were given. I knew a couple of people who just planned on flipping so didn’t worry about the inability to service the loan.