Submitted by cbusoh66 t3_11dgkfu in wallstreetbets
lost_in_life_34 t1_ja9h5rz wrote
Reply to comment by rp2012-blackthisout in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66
towards the end of the 2008 bubble no one really had ARM's cause they couldn't afford them.
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they had interest only 1 year loans that were no income of documentation verification
rp2012-blackthisout t1_ja9mojr wrote
yeah NINJA loans. Another thing not happening now...
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