Subprime Mortgages Make A Comeback--with a New Name and Soaring Demand
CNBC, Apr. 12, 2018--Diana Olick
Subprime mortgages--home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly burned. Barely a decade later, they're coming back with a new name--nonprime--and, so far, some new standards.