Freddie Mac Goes Full NINP----No Income, No Problem

In other words, whereas many Americans could not qualify for the original 3% down program because, well, they lacked virtually any income, that will no longer be a hindrance and the government will effectively backstop the lack of income as a new wave of 'income-challenged' Americans rushes in to buy houses.

 

 

 

https://www.zerohedge.com/news/2018-04-28/freddie-mac-launches-3-down-mortgage-no-income-restrictions

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