(RECAP: They were blamed for the largest financial disaster in a century. Subprime mortgages – home loans to borrowers with sketchy credit who place small to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were terribly burned. Barely a decade later, they’re coming back with a new name–non-prime—and, so far, some new standards.)
Powered by WPeMatico