Changing Market Spells the Demise of Subprime Group
September 1, 2006
The National Home Equity Mortgage Association is closing up shop – a nod to changing market conditions that have seen the line between the prime and subprime market largely fade away. But while NHEMA ended life as a trade association last week when it announced a planned merger with the Mortgage Bankers Association, officials say that the subprime market will continue to have a dedicated voice on topics ranging from predatory lending to borrower education and loan suitability...