If you have little skin in the game, you are likely to default on the loan once you can’t make the mortgage payments. Statistics have shown these mortgage defaults are tied to people who borrowed large mortgages with nonexistent down payments.

http://seekingalpha.com/instablog/142982-joseph-l-shaefer/11556-what-really-caused-the-mortgage-crisis-and-what-to-do-now

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