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Economists Raise Concern over Creative Home Loans

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Economists Raise Concern over Creative Home Loans

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Economists Raise Concern over Creative Home Loans

Economists Raise Concern over Creative Home Loans

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  • <iframe src="https://www.npr.org/player/embed/4712188/4712189" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

If you want to buy a house in an overheated market like San Diego or New York, a drop in home prices might not sound like such a bad idea. But economists say a sudden decline would strand some people in homes they can't sell. And the growing use of interest-only mortgages and other creative financing ideas could worsen their plight.