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Run While You Still Can Subprime Demand and Predatory Lending in Ruralhome  Form

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we got some scary stuff going on in the housing market right now folks because the US government is allowing one percent down payment mortgages that's right America's two biggest mortgage lenders rocket mortgage and United Wholesale are now giving buyers one percent down payment mortgage through Fannie Mae and Freddie Mac and the reason they are doing this is to expand home ownership access to those who can't afford it in particular this loan program is only available to people who make below 80 percent of an area's median income which would be about 76 000 in Atlanta and 80 000 in Dallas so this is yet another loan program the US government is doing to make it easier for low-income low credit score buyers to buy a house we tried to do that 15 years ago folks and it did not end up so well for the housing market and economy now fortunately American home buyers aren't taking the bait so far mortgage applications to buy a house are still near a record low in the 2023 housing market becaus

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