August 2, 2018 rummy

Most people can’t help but be concerned that mortgages changes may lead to another disaster, and we can’t blame them for we’ve been there before. The question remains, is there any foothold to peoples worries? Are lending standards truly propping up our home prices? Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may be employing these instruments to purchase homes that…