DISTURBING RISE of 40 Year Mortgages in the Housing Market

At first, 40 year mortgages were only supposed to be for Freddie Mac, Fannie Mae and FHA borrowers who are facing hardship to refinance into a 40 year loan. But now, smaller lenders are slowly creeping 40 year mortgages into the "normal" housing market. This is the beginning of the end...

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