One of the main causes of the last big recession in 2008 was subprime mortgages. In this case, mortgages were being handed out to borrowers with far-less-than-perfect credit, income that didn’t warrant a loan of the size they were approved for (in some cases, no income at all) and a job history that was spotty (or no job at all). Sounds like the perfect cocktail for a foreclosure fiesta, right? It was. Since then, subprime loans have all but disappeared. Or have they?

The article is written by Dani Lynn Robison for Forbes. You can read the full article here.