Top Lenders Want Nothing to Do With Depleted Non-Prime Market
November 26, 2008
Lenders that once touted their non-prime originations are denying all connections to the sector as production of the mortgages has all but stopped. An estimated $50.0 billion in non-prime mortgages were originated through three quarters of this year, according to Inside B&C Lending, an 88.2 percent decline from the same period in 2007.Some of the non-prime... [Includes one chart and one graph]