Mortgage News

Unconventional mortgages are returning, but is it a problem?

During the 2008 economic recession and afterwards, “subprime” became a buzzword in general discussions about what led to the housing market crash.

That was for good reason. In 2004-2006, the years leading up to the crash saw as many as 20% percent of mortgages national were subprime. Most of them were adjustable rate mortgages from private lenders. In previous years, only about 8% or lower of the nation’s mortgages were subprime.

The housing market has been reshaped by the lessons learned from the mid-2000’s, but there is evidence that unconventional mortgages are beginning to make a comeback, according to Kiplinger’s Personal Finance.

Loans to borrowers with blemished credit have been on the rise, as well as loans to individuals without a Form W-2 and loans that don’t meet the standards of the Consumer Financial Protection Bureau.

But rising is a relative term. These unconventional loans comprised just 3% of market activity in 2018, compared to 36% in 2006. The practices leading up to the last crash have largely been eliminated, the report notes:

Most of the bad-apple loans that contributed to the housing crisis are long gone. Loans that result in negative amortization — the loan balance grows rather than shrinks — have disappeared. Interest-only loans have returned to their traditional role as short-term loans for wealthy people buying expensive homes with a down payment of, say, 50%…

Guy Cecala, Publisher of Inside Mortgage Finance

Recently, unconventional loans have been provided mainly for those who have limited documentation, debt-to-income ratios above 43% or a justified need for interest-only loans with proof of ability to pay.

The growth in unconventional mortgages appears to be more a reflection of a strong housing market and low rates creating competition among lenders. While it’s something to keep an eye on, these loans are nowhere near approaching the levels seen prior to the crash.

Photo Credit: Emre Can/Pexels.com

882 Comment

  1. Pingback: viagra pill
  2. Pingback: cialis 20mg price
  3. Pingback: cialis india
  4. Pingback: cialis 10mg
  5. Pingback: viagra 50mg
  6. Pingback: ed meds
  7. Pingback: buy cialis
  8. Pingback: walmart pharmacy
  9. Pingback: rx pharmacy
  10. Pingback: Cialis in usa
  11. Pingback: order levitra
  12. Pingback: online vardenafil
  13. Pingback: levitra pills
  14. Pingback: real online casino
  15. Pingback: real money casino
  16. Pingback: viagra prices
  17. Pingback: generic tadalafil
  18. Pingback: online loans
  19. Pingback: payday loans
  20. Pingback: viagra pills
  21. Pingback: 20 cialis
  22. Pingback: slot games
  23. Pingback: cialis to buy
  24. Pingback: hollie
  25. Pingback: cialis 5 mg
  26. Pingback: cialis generic
  27. Pingback: generic for cialis
  28. Pingback: 20 cialis
  29. Pingback: casino games
  30. Pingback: real online casino
  31. Pingback: casino slot
  32. Pingback: viagra buy
  33. Pingback: viagra online
  34. Pingback: buy viagra
  35. Pingback: tadalafil liquid
  36. Pingback: cheapest viagra
  37. Pingback: online viagra
  38. Pingback: viagra pills
  39. Pingback: cheap viagra
  40. Pingback: droga5.net
  41. Pingback: order cialis
  42. Pingback: viagra generic
  43. Pingback: generic sildenafil
  44. Pingback: Viagra 50mg pills
  45. Pingback: otc cialis
  46. Pingback: sildenafil
  47. Pingback: generic viagra
  48. Pingback: viagra buy
  49. Pingback: generic cialis
  50. Pingback: viagra sale
  51. Pingback: viagra substitute
  52. Pingback: viagra coupons
  53. Pingback: viagra buy
  54. Pingback: viagra cheap
  55. Pingback: viagra substitute
  56. Pingback: buy viagra online
  57. Pingback: aricept 5 mg pills
  58. Pingback: buy tadalafil
  59. Pingback: cialis cipla
  60. Pingback: tadalafil
  61. Pingback: catapres pharmacy
  62. Pingback: viagra on line
  63. Pingback: buy cheap viagra
  64. Pingback: ceftin 125mg price
  65. Pingback: tadalafil generic
  66. Pingback: cephalexin tablet
  67. Pingback: cost of cipro
  68. Pingback: buy generic drugs
  69. Pingback: free slots
  70. Pingback: casino
  71. Pingback: casino world
  72. Pingback: rivers casino
  73. Pingback: hollywood casino
  74. Pingback: ED Pills
  75. Pingback: online casino usa
  76. Pingback: erie car insurance
  77. Pingback: carinsurance
  78. Pingback: rbc car insurance
  79. Pingback: cialis
  80. Pingback: payday loans mn
  81. Pingback: buy cialis canada
  82. Pingback: usa quick loans
  83. Pingback: viagra buy online
  84. Pingback: online loans
  85. Pingback: buy cbd oil online
  86. Pingback: tadalafil cialis
  87. Pingback: real viagra india
  88. Pingback: viagra 20 mg daily
  89. Pingback: cbd oil dogs
  90. Pingback: viagra cost in uk
  91. Pingback: paper writer
  92. Pingback: write my essays
  93. Pingback: help my essay
  94. Pingback: buy online viagra
  95. Pingback: write essay online
  96. Pingback: cleocin canada
  97. Pingback: Order viagra us
  98. Pingback: cheap clonidine
  99. Pingback: sildenafil dosing
  100. Pingback: clozaril australia
  101. Pingback: colchicine nz
  102. Pingback: Viagra overnight
  103. Pingback: cost of combivent
  104. Pingback: generic cialis
  105. Pingback: compazine usa
  106. Pingback: how to buy cozaar
  107. Pingback: crestor 20 mg nz
  108. Pingback: essay online help
  109. Pingback: buy viagra online
  110. Pingback: dapsone caps usa
  111. Pingback: Real viagra online
  112. Pingback: differin 15g cheap
  113. Pingback: cheap viagra
  114. Pingback: elavil 50mg coupon
  115. Pingback: india pharmacy
  116. Pingback: flomax canada
  117. Pingback: imitrex australia
  118. Pingback: cialis ordering
  119. Pingback: imodium purchase
  120. Pingback: viagra
  121. Pingback: womens viagra
  122. Pingback: Learn More
  123. Pingback: women viagra
  124. Pingback: indocin 50 mg nz
  125. Pingback: viagra for sale
  126. Pingback: lopid for sale
  127. Pingback: buy lopressor
  128. Pingback: meclizine otc
  129. Pingback: safeway pharmacy
  130. Pingback: family pharmacy
  131. Pingback: buy Aciclovir
  132. Pingback: mobic coupon
  133. Pingback: Finax
  134. Pingback: viagra
  135. Pingback: proscar tablet
  136. Pingback: buy protonix 20 mg
  137. Pingback: buy provigil
  138. Pingback: pyridium 200mg uk
  139. Pingback: cost of remeron
  140. Pingback: revatio 20 mg nz
  141. Pingback: risperdal price
  142. Pingback: seroquel tablet
  143. Pingback: singulair usa
  144. Pingback: 100mg viagra
  145. Pingback: spiriva tablet
  146. Pingback: tenormin pharmacy
  147. Pingback: thorazine tablets
  148. Pingback: toprol tablet
  149. Pingback: voltaren pills
  150. Pingback: buy zocor 40 mg
  151. Pingback: zithromax 500mg
  152. Pingback: zyprexa prices
  153. Pingback: zyvox tablet
  154. Pingback: meclizine purchase
  155. Pingback: leflunomide nz
  156. Pingback: cheap donepezil
  157. Pingback: cheap viagra
  158. Pingback: buy irbesartan
  159. Pingback: order buspirone
  160. Pingback: generic cialis
  161. Pingback: warfarin pills
  162. Pingback: cialis 5mg tablet
  163. Pingback: rosuvastatin price
  164. Pingback: free viagra canada
  165. Pingback: cheap trazodone
  166. Pingback: fluconazole cheap
  167. Pingback: venlafaxine cheap
  168. Pingback: cheap viagra
  169. Pingback: buy cialis n40mg
  170. Pingback: 141genericExare
  171. Pingback: buy generic cialis
  172. Pingback: 141generic2Exare
  173. Pingback: lmwyfomd
  174. Pingback: ed meds online
  175. Pingback: mtowiygg
  176. Pingback: ed medications
  177. Pingback: generic viagra
  178. Pingback: lasix medication
  179. Pingback: buy vantin generic
  180. Pingback: omnicef price
  181. Pingback: sumatriptan canada
  182. Pingback: buy loperamide
  183. Pingback: viagra sachets
  184. Pingback: viagra sin receta
  185. Pingback: terbinafine cheap
  186. Pingback: digoxinmg usa
  187. Pingback: mexican viagra
  188. Pingback: atorvastatin price
  189. Pingback: price of viagra
  190. Pingback: viagra online usa
  191. Pingback: viagra discount
  192. Pingback: metoprolol coupon
  193. Pingback: clotrimazole usa
  194. Pingback: prednisolone 1
  195. Pingback: drinking on clomid
  196. Pingback: priligy 90mg
  197. Pingback: diflucan overdose
  198. Pingback: sat essay help
  199. Pingback: zithromax cost uk
  200. Pingback: cat essay writer
  201. Pingback: cialis20mg
  202. Pingback: propecia uk
  203. Pingback: mens ed pills
  204. Pingback: best ed treatment
  205. Pingback: good pill pharmacy
  206. Pingback: buy cialis now
  207. Pingback: viragecialis
  208. Pingback: lisinopril 25
  209. Pingback: lovoo tutorial
  210. Pingback: cialis slogan
  211. Pingback: adult love dating
  212. Pingback: cialis 20 mg cost
  213. Pingback: cialis sale 20mg
  214. Pingback: ed drugs list
  215. Pingback: get valtrex online
  216. Pingback: ed pills for sale
  217. Pingback: hims ed pills
  218. Pingback: price of viagra
  219. Pingback: cytotmeds.com
  220. Pingback: natural ed cures
  221. Pingback: ivermectin topical
  222. Pingback: free trial priligy
  223. Pingback: ivermectin pills
  224. Pingback: ed pharmacy
  225. Pingback: cheap medications
  226. Pingback: viagra price
  227. Pingback: viagra price
  228. Pingback: plaquenil buy
  229. Pingback: cialis 200 mg.
  230. Pingback: wildviagra
  231. Pingback: cialis otc switch
  232. Pingback: zithromax 500
  233. Pingback: zithromax 250
  234. Pingback: regcialist.com
  235. Pingback: can ed be reversed
  236. Pingback: plaquenil 0.2
  237. Pingback: cialis from usa
  238. Pingback: sertraline dosage
  239. Pingback: cost of lyrica
  240. Pingback: cymbalta doses
  241. Pingback: sildenafil 50 mg
  242. Pingback: use of ivermectin
  243. Pingback: can you buy cialis
  244. Pingback: pills like cialis
  245. Pingback: cialis tablet
  246. Pingback: sildenafil
  247. Pingback: generic for viagra
  248. Pingback: viagra prices
  249. Pingback: 20mg cialis daily
  250. Pingback: viagra buy
  251. Pingback: sildenafil 36
  252. Pingback: free trial cialis
  253. Pingback: viagra generic
  254. Pingback: viagra samples
  255. Pingback: cialis cost
  256. Pingback: prednisone 54899
  257. Pingback: to buy viagra
  258. Pingback: tadalafil biogaran
  259. Pingback: viagra tablets uk
  260. Pingback: buy sildenafil
  261. Pingback: ivermectin on ebay
  262. Pingback: cheap viagra deals
  263. Pingback: viagra connect
  264. Pingback: viagra 40 mg
  265. Pingback: roman viagra
  266. Pingback: sildenafilo
  267. Pingback: viagra para mujer
  268. Pingback: women take viagra
  269. Pingback: gabapentin coupon
  270. Pingback: cheap plaquenil
  271. Pingback: prednisone 12 mg
  272. Pingback: viagra alternative
  273. Pingback: priligy medication
  274. Pingback: get modafinil
  275. Pingback: ivermectin 2
  276. Pingback: ventolin otc uk
  277. Pingback: zithromax tablet
  278. Pingback: furosemide 500mg
  279. Pingback: viagra kopen
  280. Pingback: priligy buy online
  281. Pingback: stromectol nz
  282. Pingback: viagra vs.levitra
  283. Pingback: viagra or cialis
  284. Pingback: sex party games
  285. Pingback: female viagra pill
  286. Pingback: viagra usa
  287. Pingback: stromectol otc cvs
  288. Pingback: otc viagra
  289. Pingback: 50mg of viagra
  290. Pingback: goodrx cialis
  291. Pingback: cialis 50mg
  292. Pingback: baricitinib tablet
  293. Pingback: aralen 200mg cost
  294. Pingback: rory latisse
  295. Pingback: zanaflex pills
  296. Pingback: olumiant 2mg
  297. Pingback: nolvadex europe
  298. Pingback: ivermectin ebay
  299. Pingback: viagra vs cialis
  300. Pingback: sildenafil pills
  301. Pingback: cialis price
  302. Pingback: tadalafil spc
  303. Pingback: buy online
  304. Pingback: 3cleavage
  305. Pingback: cialis risks
  306. Pingback: tadalafil otc
  307. Pingback: what is cialis
  308. Pingback: tadalafil otc
  309. Pingback: cialis 20mg online
  310. Pingback: ivermectin generic
  311. Pingback: ivermectin 4000
  312. Pingback: ivermectin 3mg otc
  313. Pingback: ivermectin 9mg
  314. Pingback: cheap lasix online
  315. Pingback: imverctin
  316. Pingback: ivermectin malaria
  317. Pingback: cdc ivermectin
  318. Pingback: cdc ivermectin
  319. Pingback: ivermectin buy
  320. Pingback: tadalafil otc
  321. Pingback: ivermectin cream 1
  322. Pingback: ivermectin ireland
  323. Pingback: ivermectina dosis
  324. Pingback: cialis medication
  325. Pingback: uels ukrain
  326. Pingback: ivermectin oral
  327. Pingback: DPTPtNqS
  328. Pingback: qQ8KZZE6
  329. Pingback: D6tuzANh
  330. Pingback: SHKALA TONOV
  331. Pingback: chelovek-iz-90-h
  332. Pingback: 3Hk12Bl
  333. Pingback: 3NOZC44
  334. Pingback: 01211
  335. Pingback: film-tor-2022
  336. Pingback: hd-tor-2022
  337. Pingback: hdorg2.ru
  338. Pingback: ivermectin cream 5
  339. Pingback: Psikholog
  340. Pingback: netstate.ru
  341. Pingback: Link
  342. Pingback: buy ivermectin
  343. Pingback: psy
  344. Pingback: stromectol 12mg
  345. Pingback: bit.ly
  346. Pingback: cleantalkorg2.ru
  347. Pingback: bucha killings
  348. Pingback: War in Ukraine
  349. Pingback: Ukraine
  350. Pingback: site
  351. Pingback: stats
  352. Pingback: Ukraine-war
  353. Pingback: movies
  354. Pingback: gidonline
  355. Pingback: stromectol online
  356. Pingback: web
  357. Pingback: film.8filmov.ru
  358. Pingback: video
  359. Pingback: film
  360. Pingback: cialis com
  361. Pingback: filmgoda.ru
  362. Pingback: rodnoe-kino-ru
  363. Pingback: confeitofilm
  364. Pingback: stat.netstate.ru
  365. Pingback: sY5am
  366. Pingback: Dom drakona
  367. Pingback: JGXldbkj
  368. Pingback: aOuSjapt
  369. Pingback: ìûøëåíèå
  370. Pingback: psikholog moskva
  371. Pingback: Dim Drakona 2022
  372. Pingback: TwnE4zl6
  373. Pingback: psy 3CtwvjS
  374. Pingback: lalochesia
  375. Pingback: film onlinee
  376. Pingback: 3qAIwwN
  377. Pingback: video-2
  378. Pingback: sezons.store
  379. Pingback: psy-news.ru
  380. Pingback: 000-1
  381. Pingback: 3SoTS32
  382. Pingback: 3DGofO7

Comments are closed.