Subprime Loans Make a Comeback
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:
- Mortgage Jargon in Simple Terms
- How Much Home Can I Afford?
- How to Buy Foreclosures
- Guide to Settlement and Escrow