U.S. Subprime Mortgage Bonds Back in Fashion

Financial Times, Mar. 29, 2018–Ben McLannahan, Joe Rennison (subscription)
Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in the aftermath of the crisis, as litigation-weary lenders retreated to patch up their balance sheets. But over the past couple of years a group of specialist firms has begun to bring the loans back, navigating a dense web of new rules drawn up to protect borrowers and investors.