Subprime Loans Are Back, Proving We Have Learned Nothing from 2008

Over the last several weekends, the nonprofit, Boston-based brokerage Neighborhood Assistance Corporation of America (NACA) partnered with big banks and hosted events all across the country, attracting tens of thousands of attendees. These events are meant to help people apply for subprime home loans. If the term "subprime" does not immediately jump out at you, it should. "Subprime" mortgages were a primary culprit of the 2008 financial crisis.