March 24, 2006 |
Exotic Loans Pose A Risk to Industry
Aglaia Pikounis, Reporter
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| MARK A. FOREMAN – Market is now ‘tiring’ |
By Aglaia Pikounis
Buyers stretching their credit and relying on interest-only and other nontraditional loans to purchase a home are posing one of the biggest risks in the real estate market, according to a housing economist who spoke at a Realtors conference this week.
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