“Toxic financing abruptly stopped during the spring of 2007. By that summer, there were no more 100% financing, negative amortization option ARMs, piggyback seconds, or the now-infamous NINJA (no income no job no assets) loans.”
he forgot to mention that affordable jumbo loans have become a thing of the past
it would be interesting to hear Ramsey’s take on how the lack of jumbo loans will affect SoCal’s high end markets
