Mortgage Market Reopens to Risky Borrowers

August 21, 2019 in News by RBN Staff


Source: Wall Street Journal

Strict lending requirements that were put in place after financial crisis are starting to erode

The risky mortgage is making a comeback.

More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in place during its aftermath are starting to erode. Home buyers with low credit scores or high debt levels as well as those lacking traditional employment are finding it easier to get credit.

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