“Five years after the financial crisis crested with the bankruptcy of Lehman Brothers Holdings Inc., top executives from the biggest subprime lenders are back in the game. Many are developing new loans that target borrowers with low credit scores and small down payments, pushing the limits of tighter lending standards that have prevailed since the crisis. Some experts fear they won’t know where to stop. The Center for Public Integrity in 2009 identified the top 25 lenders by subprime loan production from 2005 through 2007. Today, senior executives from all 25 of those companies or companies that they swallowed up before the crash are back in the mortgage business.”
Related posts:
Meet the traveling Bitcoin ATM
Goldman Sachs Buys Gold; Tells Public to Sell
What's Behind the Swiss Gearing Up for Major Unrest Throughout Europe?
H.K. Politician's Son-In-Law Won't Face Charges For TSA Impersonation
China begins direct convertibility to Asia’s #1 financial center, Singapore
In Switzerland, Marijuana Use Helps Keep Prisons Calm and Safe
For Bitcoin’s Biggest Believers, Digital Currency Is Better Than Gold
Chinese Justice – Or Orwell Circa 2013?
Internet Sales Tax Passes the Senate, 69 to 27
Parents from faith-healing church charged in diabetes death of daughter
DEA Must Pay $3 Million in 2010 Killing of LA Teen
End the Empire
MtGox Subpoenaed By U.S. Prosecutor
New York 'BitLicense' Forces Mining Pool BTCGuild To Shut Down
Former Visa Exec Joins BitPay as Chief Compliance Officer