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The Independent UK
The Independent UK
National
Mike Bedigan

Zero-down mortgages are back sparking fears of being the new subprime loans which caused the 2008 market crash

Jonathan Adams United States CNN UWM Housing Market
Copyright 2024 The Associated Press. All rights reserved.

A new “zero-down” mortgage program has sparked concern of fueling another housing bubble given its similarities to the disastrous subprime loans that contributed to the 2008 housing market crash.

The programs, announced two weeks ago and offered by United Wholesale Mortgage, allow qualified borrowers to receive up to $15,000 in down payment assistance.

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