Nonprime time
Subprime mortgages were home loans made to borrowers with weak credit and high debt. The default of many of those risky mortgages was a major cause of the financial crisis. Ten years later, they’re back, as “nonprime” loans. We ask Redfin Chief Economist Nela Richardson if the risk has returned. ... read more
Source: CNBCPublished on 2018-04-27
5 months ago