It’s not called a subprime loan, but it’s the same thing


More lenders are jumping into the subprime loan market again, ready to give borrowers with flawed credit another shot at the housing market.
Firms such as Lending Club, Springleaf Holdings Inc., and FreedomPlus are among such lenders that have joined the arena, but they prefer a different term than “subprime,” which conjures up days of the housing crisis when many subprime borrowers defaulted on loans. Instead, FreedomPlus says it calls the market “emerging prime,” and Lending Club prefers the term “near prime.”

CLICK HERE for the report

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: