Posts Tagged ‘no-doc loans’

A Surprising Twist To Liar Loan Securitizations

Here is another one of those academic papers examining the mortgage crisis that seem to be sprouting everywhere. This one concentrates on low doc and no doc loans and comes up with some conclusions you would expect and a somewhat surprising finding. The study was done by some academics at Columbia and focused on one […]

The Movement To Bring Back No-Doc Loans

Like cockroaches the idea that somehow, someway people who can’t document their income should nevertheless be given mortgages just can’t be eradicated. The movement to resurrect this monster is gaining steam. From Clusterstock:  No-doc loans are particularly hard to get, locking out people whose incomes are derived from investments or who are able to […]