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Zero Down Is a Foreclosure Factor (Duh)Search2009-07-03 — ritholtz.com
"There is a kind of weird OpEd in today’s WSJ by Stan Liebowitz. The professor makes the incredible discovery that zero down payments, 100% LTV financings tend to slide in great numbers into foreclosure"
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dcd at 09:33 2009-07-04 said:To paraphrase that infamous, murderous, kidnapping and little-known philosopher, O.J. Simpson: "Stan, you have a firm grasp of the obvious." Honestly, you make a living - somebody actually pays you? - pointing this kind of thing out? God bless America! Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
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