Back From Dead! How Subprime Became Nonprime Mortgages Forgetting the Lessons of the Global Financial Crisis

Our old friend, who many blame for the Global Financial Crisis, is back from the dead. Subprime mortgages aka home loans to those people with low credit scores and little down payments have returned after a long absence to the housing market. After the housing and market crash, these types of loan left the market because of new regulations and low investor demand. However, like a zombie from a horror movie, these types of loans have come back to the housing market although they are being referred to as nonprime loans and with different standards. Lipstick on a pig as… Read moreBack From Dead! How Subprime Became Nonprime Mortgages Forgetting the Lessons of the Global Financial Crisis