Why Do Banks Give Subprime Mortgages?

Website design By BotEap.com Website design By BotEap.comBanks Give Subprime Mortgages When the housing market began to decline, lenders turned to mortgages that had low credit scores and high default rates. They repackaged these mortgages into pools and sold them to investors. Subprime mortgages were largely funded with private-label mortgage-backed securities. The underlying mortgages were relatively safe, […]