Let’s face it: no matter how it’s phrased, nonprime is still subprime. With the recent appearance of nonprime mortgage lending, it is important to examine what it means to the real estate market and note markets. The subprime mortgage lending industry suddenly vanished after the Great Recession, but is now getting reinvented – get this, with a really original new name for it: nonprime. Right now, a couple of big firms are offering mortgages with … Read More