New Loans With Old Features
UExpress, July 7, 2017–Lew Sichelman
Lenders continue to work overtime in their efforts to reach more borrowers by introducing “new” mortgages. But these loans often have a tinge of the old subprime products that helped devastate the housing market nearly a decade ago. The difference, this time around, is that lenders believe they have a handle on what got them into trouble last time.
