Subprime mortgage an innovation that will last

What might everybody be talking about in the office today? Or in the gym between sets? Or out on the golf course riding in the cart? They are likely talking about the health of the mortgage business. That's what they are doing. And how the subprime loan got it all started and what it spawned could do damage to other lending sectors as well. But let's leave our emotions aside and look at what has happened and what financial history tells us.

The subprime mortgage is actually an innovation that began taking shape only in the late 1990's, a new financial instrument to make money available to a borrower who hadn't had access to this kind of capital before. Please click subprime mortgage above to read the entire article.