Zillow is now offering 1% down-payment home loans and I don’t think it’s hard to figure out where we are headed ☞ Not the Bee
“But the solution isn’t to extend a bunch of flimsy, risky loans to people who in the normal course of events simply can’t afford them right now. It’s not as if the company is giving a low-interest loan — they’re just floating a loan with a lower initial barrier to entry. And they know these people will default…”