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Zero Down Is a Foreclosure Factor (Duh)

J. Bradford DeLong's Grasping Reality with All Eight ... found this 7/3/2009 on ritholtz.com

There is a kind of weird OpEd in today’s WSJ by Stan Liebowitz. The professor makes the incredible discovery that zero down payments, 100% LTV financings tend to slide in great numbers into foreclosure: “What is really behind the mushrooming rate of mortgage foreclosures since ...