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How Subprime Loans Differ From Non-QM Loans: A Hard Money Lender’s Perspective.

Posted by Jim Emerson

Oct 19, 2020 11:00:00 AM

During the Great Recession of 2008, millions of Americans lost their homes. The housing market collapsed, leaving the national economy in shambles.

Finger-pointing was common in the years to follow, but most financial experts can agree to one major cause: subprime mortgages.

Subprime loans are dangerous because they hide behind the pretense of helping low-income Americans.

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Topics: houston hard money lenders, private money lender, subrpime loans, non qualified mortgage loans, non qm loans

   

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