The Return of Risk: Subprime Sneaking Back

The mortgage meltdown is widely identified with subprime lending, so why should the return of such loans be welcomed?

In an article posted in the July issue of Housing News Report published in, “The Return of Risk: Subprime Sneaking Back," Carrington Mortgage Holdings EVP Rick Sharga makes a sharp distinction between old-school subprime and the manually underwritten loans offered by Carrington that include thorough reviews of borrowers’ financial situations.Read the article online here. The article starts on page 1, and Rick’s quotes start on page 6.