Markets & Economy

High-interest loans re-emerge

Nonbank making millions in loans that carry interest rates around 8 percent
Published on Jun 10, 2013

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by CareyBot

Loans to borrowers with less-than-stellar credit that are not sponsored by government entities could be trickling back into the market, with the CEO of a nonbank in California saying that he “absolutely” expects to securitize nonprime mortgages within the next ...