from Hacker News

Bank of America Tests No-Down-Payment Mortgages for Minority Communities

by 609venezia on 9/2/22, 6:37 PM with 2 comments

• by AnimalMuppet on 9/2/22, 7:29 PM

  Let's see. No down payment. Rising interest rates which may cause declining house prices. What could possibly go wrong?

  Now all we need is for someone to decide that if they package a bunch of these loans together into a larger financial instrument, the risk disappears...

• by nibs on 9/2/22, 6:38 PM

  Markets in everything: Segretation in the debt market edition.