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Contract-for-Deed Lending: Filling the Subprime Void

November 13, 2016 4:39 pm

Following the subprime lending collapse in late 2008, there was a void in financing for low-credit borrowers with little or no down payments. Loans backed by FHA stepped in to fill some of that void, with FHA purchase loans jumping from just 3.3 percent of all purchase loan originations in Q4 2006 to 27.2 percent in […]

The post Contract-for-Deed Lending: Filling the Subprime Void appeared first on RISMedia.

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