No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback
Wall Street Journal, Jan. 23, 2019–Ben Eisen (subscription)
A flavor of mortgage once panned for its role in the housing meltdown a decade ago is making a comeback. These loans, aimed at buyers with unusual circumstances such as those who can’t provide the standard proofs of income, are growing rapidly even as rising interest rates and higher home prices crimp demand for mortgages.
