Morning Scan: The 'Emerging Prime' Market; Barclays' ...

03/06/14

Receiving Wide Coverage ...

The Mercurial Subprime Market: New lenders, including Lending Club and Freedom Plus, are servicing the subprime sector, reports the Journal. These entrants are hoping to fill the void left by banks, reluctant to lend to the demographic following the financial crisis (and all the resulting regs.) The Journal notes these firms are lending at interest rates "approaching 10% and sometimes much more Â... a premium above prime loans Â... but less than...

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