Is the mortgage that caused the last recession back in Riverside, corona, and Jurupa Valley?

  📍 So I saw this article and I thought it was interesting. The loan that burned millions is back the, uh, 80 20 loan, um, where you're getting two loans. Um, and, um, it's only fixed for two or three years, and after that it becomes variable. Well, in 2008, 2009, when the market crashed, this was a loan that was being issued.

The majority of the time, people who could not afford to buy a house, uh, were buying multiple houses using this product because they didn't verify income. Assets, as long as you had a social security and you breathe, you can use it. Um, this product is back in a limited version. Um, for the wealthier. Um, it's actually a version for people who think rates are gonna come down.

Uh, they are still verifying assets and income, so you still have to qualify for it for no. So no, it's not the same. Um, it is an option for people that think that rates are gonna come down in the future and you still have to qualify for it.