NACA and the Mortgage Liquidity Issue

On a recent blog, I wrote that many educators and investors in the real estate-backed note industry are talking about NACA and their $0 down, $0 closing costs, $0 fee, no income limit and no need for perfect credit loans and rightfully so, but there is a much deeper issue here and it will not end pretty. That deeper issue is mortgage liquidity. Unfortunately, this issue is somehow being completely ignored, yet it will be the beginning of the next mortgage crisis.