Lenders are returning to the subprime market – although still at only a fraction of what subprime lending was before the mortgage crisis.
Some subprime lenders that collapsed during the financial crisis are coming back into business with new nonprime loan offerings. Wells Fargo is looking to re-enter the subprime mortgage market by lowering its standards of acceptable credit scores for home borrowers. Subprime loans – mostly targeted to those with credit scores below 660. Learn more
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