Crazy Loans

CNN/Money has a nice article that spells out some of the details of the crazy mortgages available today. “Money” quote:

“I think the creative mortgage structures have been the last puff on the real estate balloon,” says Nick Buss, vice president of market research at PNC Finance. “Consumers were already stretched, and these products have stretched them just a little bit further.”

Leave a Reply

Your email address will not be published. Required fields are marked *