As house foreclosures are on the rise, the gov-T is working on a bill to let the government back loans for at-risk borrowers. This has been born out of the subprime lending crisis. If you’re not sure what that means, basically, its when mortgage companies target people who do not have good credit for loans. It sounds strange, but in fact this is where many of them make the most profits as they gain the most interest revenue from it.
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