2008 Bad Credit Mortgage Boom
February 20, 2008 by admin · Leave a Comment
Filed under: Home Loans, Home Mortgages, Mortgage Refinance
Filed under: Home Loans, Home Mortgages, Mortgage Refinance
In the past years, the private sector has dramatically expanded its role in the mortgage bond market, which had previously been dominated by government-sponsored agencies. Especially subprime mortgages that became increasingly popular in recent years are considered higher-risk loans because they typically draw borrowers in with an initial low “teaser” interest rate, which can spike upward after the first few years. Read more
