House bill may worsen climate for subprime borrowers

Vague rules create risk for lenders, higher costs for consumers
Published on Dec 17, 2007

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by CareyBot

In the wake of the subprime crisis, the market has turned against all except “cream-puff borrowers” — those with no weaknesses. The cream-puffs can borrow today on pretty much the same terms as before the crisis. But borrowers with blemishes ...