Mortgage lenders that are not banks acquired a bad reputation during the housing crisis, when now-defunct players like Countrywide Financial and Ameriquest Mortgage came to light as purveyors of risky, high-priced loans, often to subprime borrowers with less-than-stellar credit.
Read the Full Story: http://www.nytimes.com/2011/04/03/realestate/03mortages.html?_r=1&ref=realestate
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