The Big Downgrade That Fueled the Subprime Crash

Bloomberg, July 10, 2017–Adam Tempkin, Claire Boston
Today in the housing market, stringent regulations have kept loans to borrowers with weak credit in check. Subprime originations are a shadow of their pre-crisis levels, data from Equifax show. And the American Dream of homeownership? That’s been hovering at a more than 50-year low.