will lenders ever do subprime loans again? if so, when?

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will lenders ever do subprime loans again? if so, when?

2007-12-10 15:33:19 · 2 answers · asked by allaboutme 3 in Business & Finance ➔ Renting & Real Estate

2 answers

Absolutely. As soon as they convince Congress to force us to bail them out, it will be business as usual, just like the airlines.

2007-12-10 15:40:34 · answer #1 · answered by Anonymous · 0⤊ 1⤋

Lenders are still doing subprime loans. However, they have changed the criteria involved in granting them. These days, one must have a rather hefty downpayment in order to obtain a subprime loan.

2007-12-11 00:58:45 · answer #2 · answered by acermill 7 · 0⤊ 0⤋