Bank Of America, Broker Back Revival of Subprime Mortgage Market

Credit: Paul Brennan

(From UPI)

A decade after the subprime mortgage crisis, thousands of potential home buyers with poor credit are lining up for zero down, low interest home loans — backed by one of the biggest banks in the business.

Throughout this year, Bank of America and Boston-based non-profit brokerage Neighborhood Assistance Corporation of America are holding events nationwide offering mortgages to low and moderate income people and minority home buyers.

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