Friday, March 7, 2014

More Subprime Mumblings Emerge

More Subprime Mumblings Emerge

More lenders are jumping into the subprime loan market again, ready to give borrowers with flawed credit another shot at the housing market. 'The recession knocked a lot of people to their knees,' says FreedomPlus President Joseph Toms. 'Now, they're in a better position and nobody is willing to lend to them.' And this week reports Falling Mortgage Rates: Freddie Mac released Thursday the results of its Primary Mortgage Market Survey for the week ending March 6, showing the 30-year fixed-rate mortgage (FRM) falling. Read more 

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