Industry News

Survey: Nontraditional loans more popular than subprime

Loan officers say both types of loans performing as expected or better
Published on Aug 15, 2006

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by CareyBot

Senior loan officers queried by the Federal Reserve say nontraditional loans constitute a greater percentage of their loan portfolios than subprime mortgages, but that loans in both categories are performing as expected or better. Of the 30 domestic banks with ...