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Should Banks Be Allowed To Resume Subprime Lending?

August 31, 2010 By Bill Zielinski Leave a Comment

As discussed in a previous post, based on the total number of Americans with a credit score of 649 or lower, up to 35% of all Americans are effectively locked out of the refinance or purchase mortgage market for the foreseeable future (see One Third of All Americans Unqualified).  In the past, borrowers who did […]

Filed Under: Bank Lending, Banking News, Financial regulation, Struggling Homeowners, Subprime lending Tagged With: lessons from past on housing finance, subprime loans needed by some

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