Subprime Loans Make a Comeback
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.
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