What’s that we hear inflating? Thousands line up for zero-down-payment, subprime mortgages

From CNBC)

“Magdalene Altidor lost her home to foreclosure during the subprime mortgage crisis, but this week she was first in line at a four-day event in Miami where borrowers with poor credit were offered no-down payment, low interest rate loans.

“I left home, it was about 4 a.m.,” she laughed. “I’m ready to purchase a home.”

https://www.ac2news.com/2018/10/whats-that-we-hear-inflating-thousands-line-up-for-zero-down-payment-subprime-mortgages/