Will subprime mortgages make a return?

You can file THIS ARTICLE in your ‘proof that humans have short-term memories’ file.  Alyse Rzemek of themreport.com is reporting that there are a few companies out there raising capital with the hopes of making loans to applicants who don’t qualify for conventional mortgages.  Fortunately one company is going to at least require a minimum of 15% down.  We’ll have to see what develops.  I thought that at some point in the future lenders would create a product to serve the “non-prime” community but I didn’t have any inclination that it would be this soon.