Tag Archives: Credit Profile

The lingering effects of the Great Recession on borrowing is most evident in the mortgage sector, according to a new report looking at the effect of the financial crisis on consumer access to credit and the mortgage industry.

Rick Sharga, EVP, Carrington Holdings explains the key difference between the subprime loans issued prior to the Great Recession that led to defaults and today’s non-prime loan products that are unlocking homeownership potential for underserved borrowers.