Rich investors bet on ‘sane subprime’ loans – MarketWatch

Dec 12th, 2013 Loans.

Rich investors bet on 'sane subprime' loans
Banks want nothing to do with subprime mortgages, which nearly brought down the U.S. economy. But private firms are filling that void, rebranding loans to borrowers with poor credit as “sane subprime” and “smart nonprime,” and pitching them to wealthy ...

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