Subprime Loans Make a Comeback

Before you go, we thought you'd like these...
Before you go close icon
Since the housing market crash, loans have been hard to come by for many folks, even those with decent credit. But for borrowers with less-than-stellar credit, getting a mortgage has been well-nigh impossible.

The Wall Street Journal is out today with news that a handful of private investment firms are stepping into the breach, making home loans to borrowers who fail to meet banks' more stringent requirements. Will access to such loans be a boon to borrowers, or will it catch them in a new subprime bind?

The Wall Street Journal has the full story.

For more on mortgages and related topics see these AOL Real Estateguides:

Read Full Story

Find a New Home

Powered by Zillow

From Our Partners