Is The California "Dream For All" Loan Predatory Lending?

Is The California "Dream For All" Loan Predatory Lending?

vor 3 Jahren
If you think of predatory lending as any borrowing scenario that has a high probability of causing issues for the borrower, I think that there is a good chance we should chat about the "California Dream For All" loan program from CalHFA (California Housin
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vor 3 Jahren

If you think of predatory lending as any borrowing scenario that
has a high probability of causing issues for the borrower, I
think that there is a good chance we should chat about the
"California Dream For All" loan program from CalHFA (California
Housing Finance Agency).  


Schemes like this are predicated on the idea that the price of
real estate will continue to rise. As we all know, that is not
always true. During the last downturn, nothing was more saddening
than trying to help people who had tried to take advantage of
these programs and been left completely upside down and being
forced into bankruptcy and short sales.


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