Banks ready for ‘old way’ of business (Boston Globe)
Banks ready for ‘old way’ of business (Boston Globe)
The subprime loan meltdown is heating up business for some banks. Unlike many mortgage companies, traditional banks shied away from the high-risk loans that became popular in recent years, such as those that didn’t require down payments or income verification. But now — with many mortgage companies reeling from the credit crisis and consumers seeking stability — conservative lending practices …