Nonprime time

Posted from: https://www.cnbc.com/video/2018/04/27/nonprime-time.html

Subprime mortgages were home loans made to borrowers with weak credit and high debt. The default of many of those risky mortgages was a major cause of the financial crisis. Ten years later, they’re back, as “nonprime” loans. We ask Redfin Chief Economist Nela Richardson if the risk has returned….

Posted from: https://www.cnbc.com/video/2018/04/27/nonprime-time.html

Subprime mortgages were home loans made to borrowers with weak credit and high debt. The default of many of those risky mortgages was a major cause of the financial crisis. Ten years later, they’re back, as “nonprime” loans. We ask Redfin Chief Economist Nela Richardson if the risk has returned….

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