

borrowers taking on a five-decade loan would struggle to build equity—with most payments in the first decade being on interest rather than principal. With limited equity, homeowners would have less of a financial cushion should a shock occur—a drop in house prices or unexpected expense—and therefore be at “greater risk of default on these loans.” Given this heightened risk, Zandi said interest rates would be “significantly higher” than on standard 30-year mortgages, eliminating many of the cost savings that would result from the longer repayment period.








She announced her resignation (just ever so conveniently) a couple days after her pension ability kicked in, and after she’d made millions in stock trades.