Return of Subprime?

While it represents a small segment of the overall mortgage market, so-called "nonprime" mortgages are once again gaining popularity. Although they now have a different name (i.e., no longer subprime), the fundamentals (or lack thereof) are similar to those of prior cycles. The extent of their impact will be determined by the broadness of their reach and whether changed regulations will control their risk profile. See article here, Financial Times.