The WSJ reports on the return of unconventional mortgages which played a role in the financial crisis a decade ago; these are borrowers who have different circumstances than most and those who can’t provide the standard proof of income; $34 billion of these types of loans were issued in the first three quarters of 2018, an increase of 24% from the prior year period; while it makes up a small part of mortgage originations, the WSJ notes that the increase is important as traditional home loans declined in that period; industry experts claim these “non qualified” mortgages are much different than those that played a role in the financial collapse of 2008; the article shares a wide variety of participants who are active in the market, from lenders to the ratings agencies. Source
