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IPFS News Link • Economy - Economics USA

Engineering the Housing Bubble Through Monthly Payments

6-30-08 • MrMortgage.ml-implode.com

-In 2002, payments for the median home reached the upper end of affordability at the time. All of a sudden in mid-2002 the intermediate-term 3/1, 5/1, 7/1 and 10/1 fully amortized and interest only loan programs were introduced.

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