Keepin’ It Real Estate: Subprime Lending Is Back With a Vengeance

By ANDREW JEFFERY This post first appeared on Minyanville. Just when you thought it was safe to go back in the water… Subprime lending has come roaring back. But this time, reckless financial innovation isn’t being hatched on Wall Street. Instead, state governments are angling to “monetize” first-time homebuyer tax credits so borrowers can purchase [...]

May 8, 2009 | Comments »