Easy Money Loans Popular

"Traditional banker that I am I didn't think there would be much interest in this product," said Anthony Hsieh, president of LendingTree.com, referring to the payment option his company rolled out in February. "But consumers have loved it."

The mortgage industry has turned to high risk loans to keep the party going, as this CNN/Money web site attests. Check out these statistics.

Downpayment %....First Time Buyers
0%......................42%
1-9%....................27%
10-19%.................12%
20-29%.................10%
30-39%.................2%
40-49%.................1%
50+%....................6%

The piece examines piggy-back, interest only and minimum payment loans. Almost an infotainment advertisement for the practice, the writer sprinkles warnings through out. ""You could find yourself in a rather uncomfortable circumstance."