They’re baaack! Subprime loans resurface

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July 01, 2014

Subprime loans are experiencing a resurgence in the housing market as potential homebuyers seek them out when traditional financing is not an option, the New York Times reports. Lending companies such as Athas Capital Group are offering the loans, which are targeted toward those with low credit scores, require a larger down payment, and carry a higher interest rate.

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