Which of the following is not a loan type warned about through the Guidance on Non-Traditional Mortgage Product Risks?
A. 5/1 ARM
B. 15-year fixed, stated asset
C. No-income, no asset
D. 30-year fixed
Answer:D
Which of the following is not a loan type warned about through the Guidance on Non-Traditional Mortgage Product Risks?
A. 5/1 ARM B. 15-year fixed, stated asset C. No-income, no asset D. 30-year fixed