Coming soon from a mortgage lender near you: subprime loans.
Really? Weren’t they banished to the dustbin of history?
Well, some types, such as the “liar loans” that required no proof of income, may be gone forever. But the idea of granting mortgages to people with less-than-perfect credit has a growing appeal for lenders.A Second Act for Subprime Loans? | Real Estate | Get the best rates on mortgage, home equity loans, CD, money markets and checking accounts | BankingMyWay