Business Blog

I have been following this blog for the last couple of weeks. Jeff Matthews Is Not Making This Up

I look forward to it every day. Highly recommend it.

Today he highlighted an article in the WSJ about real estate.. Check it out.

No, I’m not talking about adjustable-rate mortgages—everybody, including my dog Lucy, knows about all the ARMs being sold. And I’m not talking about interest-only mortgages—the commotion over which has probably reached my cat Marvin, it’s so overblown. I’m not even talking about the so-called “Freedom Loan” ol’ Ben pushes—called the “Prison Loan” by his competitors.

I’m talking about “low documentation” loans:

Link