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.
