{"id":172014,"date":"2024-09-20T13:34:06","date_gmt":"2024-09-20T17:34:06","guid":{"rendered":"https:\/\/ncrc.org\/?p=172014"},"modified":"2024-09-20T13:34:09","modified_gmt":"2024-09-20T17:34:09","slug":"cnn-zero-down-mortgages-are-making-a-comeback","status":"publish","type":"post","link":"https:\/\/ncrc.org\/cnn-zero-down-mortgages-are-making-a-comeback\/","title":{"rendered":"CNN: Zero-Down Mortgages Are Making A Comeback"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">CNN, May 30, 2024, <a href=\"https:\/\/www.cnn.com\/2024\/05\/30\/business\/zero-down-mortgages-making-a-comeback\/index.html\" target=\"_blank\" rel=\"noopener\">Zero-Down Mortgages Are Making A Comeback<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many Americans would love to buy a home, but they don\u2019t have tens of thousands of dollars to cover a down payment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That massive roadblock is being removed by a&nbsp;<a href=\"https:\/\/www.businesswire.com\/news\/home\/20240516437694\/en\/UWM-Announces-0-Down-Purchase-Program\" target=\"_blank\" rel=\"noreferrer noopener\">new zero-percent down mortgage program<\/a>&nbsp;launched two weeks ago by one of the nation\u2019s largest mortgage lenders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the new program, offered by United Wholesale Mortgage, is making some experts nervous about how these loans could backfire on homeowners \u2014 especially if home prices stop going to the moon. And for some, it\u2019s bringing back bad memories of the&nbsp;<a href=\"https:\/\/money.cnn.com\/2018\/06\/06\/news\/companies\/angelo-mozilo-countrywide-2008\/index.html\" target=\"_blank\" rel=\"noopener\">subprime mortgage meltdown<\/a>&nbsp;that fueled the 2008 financial crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN, May 30, 2024, Zero-Down Mortgages Are Making A Comeback Many Americans would love to buy a home, but they don\u2019t have tens of thousands of dollars to cover a down payment. That massive roadblock is being removed by a&nbsp;new zero-percent down mortgage program&nbsp;launched two weeks ago by one of the nation\u2019s largest mortgage lenders. [&hellip;]<\/p>\n","protected":false},"author":3663,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"page_builder":"","footnotes":""},"categories":[1371],"tags":[],"class_list":["post-172014","post","type-post","status-publish","format-standard","hentry","category-radar"],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"NCRC","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"CNN, May 30, 2024, Zero-Down Mortgages Are Making A Comeback Many Americans would love to buy a home, but they don\u2019t have tens of thousands of dollars to cover a down payment. That massive roadblock is being removed by a&nbsp;new zero-percent down mortgage program&nbsp;launched two weeks ago by one of the nation\u2019s largest mortgage lenders.&hellip;","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/172014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/users\/3663"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=172014"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/172014\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=172014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=172014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=172014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}