A Mortgage Lender’s ‘New’ Subprime Pitch…Get Ready for More
American Banker, Nov. 30, 2015–Berry, Kate
Anticipation of rising interest rates has stirred more talk among mortgage lenders about the need to originate loans to borrowers with low credit scores. Mortgage lenders like Angel Oak Home Loans in Atlanta argue there is a distinction between the subprime products being pitched today and the infamous stated-income loans of yore.
