“Liar Loans” Now Being Pushed By Large U.S. Asset Managers Says Punchline

Liar Loans …. Remember the “liar loan” programs that were so famously a part of the 2008 financial crisis? They’re coming back, thanks to a lobbying effort by major hedge funds.

Large asset managers want liar loans yield

Under the headline “Remember ‘Liar Loans’? Wall Street Pushes a Twist on the Crisis-Era Mortgage,” the Punchline research report highlights how home loans given to borrowers that couldn’t fully document their income and helped fuel a tidal wave of defaults during the housing crisis are now making a comeback.

“Big money managers including Neuberger...