News@lemmy.worldEnglish · 6 months ago

A shady financial tool from the housing-bubble era is making a comeback | CNN Business

www.cnn.com

A shady financial tool from the housing-bubble era is making a comeback | CNN Business

www.cnn.com

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News@lemmy.worldEnglish · 6 months ago

America’s gummed-up housing market is a $45 trillion mess — a big old knot of economic forces smashing into a century’s worth of cultural conditioning about the value of homeownership.

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6 months ago
The shady financial tool was NINA loans. Banks were giving out money to people with zero evidence that they could pay it back.

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