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?
October 21, 2016