There is a new type of loan that is sweeping through the country right now. It’s advertised as a super quick and super easy way to get a mortgage to buy a home. In recent years, Wall Street has been funneling billions of dollars into these loans.
But these loans are also raising questions. Are they a financial innovation that’s helping the housing market? Or … a sign that Wall Street might be forgetting the mistakes that led to the Global Financial Crisis?…