In this article
- NASD Alert: The Low Down on No Money Down
- If It Looks Phishy, It Probably Is
- Find Value in Old Certificates
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NASD Alert: The Low Down on No Money Down
The NASD is warning investors of the risks of 100% mortgages now being offered by some brokerage firms. In particular, the NASD is concerned that many investors do not understand that the securities they pledge in lieu of a down payment may be liquidated if the value of the securities drops below a certain level or they default on their mortgage.
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