Subprime Mortgage Lending - What Are Its Effects?

Subprime lending is really nothing new It was originally designed to enable people with less-than-sterling FICO scores to purchase homes, cars, and other items for which they couldn't get conventional loans Also known as "second chance" lending, its purpose was to provide responsible individuals with a second chance to become homeowners... Read more at: http://www.isnare.com/?aid=273686&ca=Business.