Sub prime mortgages are making coming back, should we be worried? There has been a revival of these loans in the USA most evident in the auto market. This would set off alarm bells for most of us however we don’t necessarily need to worry.
The misuse of sub prime mortgages back in the mid 2000’s ultimately caused the global financial crisis in 2007 – 09, however constructive use of them is considered fundamental to grow a country’s economy.
The fear for many in the know is the lack of availability of sub prime mortgages not that they exist.