The loan at the heart of a new foreclosure crisis

Planet Money investigates a new type of loan called DSCR loans that is sweeping the country, advertised as a super quick and easy way to get a mortgage. Wall Street has funneled billions into these loans, but they are now raising questions about whether they are a financial innovation helping the housing market or a sign that Wall Street is forgetting the mistakes that led to the Global Financial Crisis. The episode goes to Baltimore, where reporters from The Baltimore Banner found that two local landlords quickly and quietly amassed over 700 homes and $100 million in borrowed cash using these loans, then tried to disappear, sparking a new foreclosure crisis.