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Why super long mortgages won't be a thing, and why that's good news

Tuesday, July 19, 2022
Jim Dalrymple II | Inman

Very long mortgages are unlikely to become a big thing in the U.S. One of the main obstacles that stands between American consumers and longer mortgages is a set of regulations that emerged after the financial crisis of 2008. Eric Stein, senior vice president at the Center for Responsible Lending, told Inman that in the run-up to the housing bubble there were products known as “affordability mortgages.”