“For “PIP” lenders, it’s all in a day’s work. These private individuals and companies operate where even sub prime lenders fear to tread, making loans to the desperate and needy the same way regular banks and brokers service traditional customers.”
That’s where I wan’t my money, with the seven borrowers the subprime lenders thought were too risky. This isn’t just their present tense business model, last year this was their plan, find the people the subprime lenders wouldn’t loan money to and then loan them yours. So if the subprime lenders only required a pulse, then I guess this is home loans for dead people.
