Subprime Mortgages Will Return, But With Some Changes
Subprime Mortgages Will Return, But With Some Changes
From the post:
Although “subprime” has become a four-letter word in the country’s collective lexicon and no one is sure when the credit crisis that was spawned by a meltdown in the risky lending sector will ease, mortgage bankers say you can count on this: Subprime shall return.
The article continues by outlining how the new subprime will look, noting the rebound is way off and that it will take some time for investor to regain their confidence in the product.