Jeff L. Thigpen Register of Deeds

Friday, March 16, 2007

Subprime Loans lead to increase in bankruptcy.

Foreclosures are increasing according to Mortgage Bankers Association study.

And, here come the FEDS.

A sub-prime lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but increasingly they are affiliates of mainstream lenders operating under different names. They charge higher interest rates the lower the credit score.


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