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A comment on No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback. Parent comment

Re:No Pay Stub? No Problem. Unconventional Mortgages Make a ... by jlarocco on Wednesday January 23, 2019 @01:03PM (#18980722)
> In this case it may be a good deal for both parties. What about the other people? The atricle mentions these loans grew by 25% in 2018.

But you're speculating. If it was a good deal in this case, what makes you think it's not in other cases? Can you point to a specific case where you think it's a bad deal?

As long as we don't bail them out again, I don't really care what crazy deals banks and bank customers come up with.

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Re:No Pay Stub? No Problem. Unconventional Mortgages Make a ... by wil421 on Wednesday January 23, 2019 @01:46PM (#18981259)
Yes I think it is a bad financial decision for a nursing student to take out a 600k loan. It’s almost predatory.

I could care less if it’s a good deal for the banks.

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Re:No Pay Stub? No Problem. Unconventional Mortgages Make a ... by throwawaymath on Wednesday January 23, 2019 @01:58PM (#18981400)
You keep talking about the person being a nursing student, but you keep ignoring what people are telling you about the asset. It's not an unsecured loan. It's backed by collateral. What is your specific problem? Liquidity?
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