"Zero-Down Mortgages Return: What First-Time Buyers Need to Know"
United Wholesale Mortgage has launched a zero-percent down mortgage program aimed at first-time homebuyers and those earning less than 80% of the area's median income. While the program eliminates the need for an upfront down payment, it raises concerns among experts about potential risks, including homeowners starting with no equity and the possibility of default if home prices fall. Critics draw parallels to the subprime mortgage crisis of 2008, though UWM insists that current lending standards are much stricter.