Nontraditional Loans and Barney Frank

Banks Housing

            Pearl River      As it becomes harder to get loans to buy homes, borrowers are increasingly looking for alternatives, including non-traditional, unguaranteed, noncomforming mortgages.  The Wall Street Journal notes that in 2025, such loan originations rose from less than 1% in 2020 to almost 6% of total mortgages in 2025.  Should we worry?  Maybe, they …

Continue Reading