Tag Archives: millions

Risky alternative financing is being used by millions: study

Approximately one in five borrowers nationwide, or about 36 million Americans, turned to a riskier, costlier and less regulated alternative to a mortgage at least once in their lifetime to finance a low-cost home, a new report reveals. The Pew Charitable Trusts estimated around 7 million Americans, or one in every 15 current home borrowers, […]