Unconventional Mortgages Attract Warning From Regulator
Wall Street Journal, Aug. 29, 2019–Lalita Clozel (subscription)
Asset-depletion loans, also known as asset-dissipation loans, are part of a small but growing subset of the mortgage market that includes subprime loans and other riskier products. They assume borrowers draw from assets to cover a mortgage, rather than just income.
