Go Figure The Math On This Loan

10/21/16 – Put down just 1% and immediately have equity of 3%?  With all the hand-wringing going on about housing affordability and inequality these days, I’m not surprised to find this publicly-owned institution partnering with an aggressive marketer of home loans.  I would like to know a couple things, though:  who is putting up the capital and how are the risks shared?  I think we’ve been here before, haven’t we?

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