Subprime Competition Pushes Predators Out – Said in 2005

Quotable quote from September 1, 2005:

“Mortgage lending has changed and finance companies no longer have the advantage. Corporations that saw the trend coming turned to predatory credit card financing. Those charged with predatory lending, such as HSBC’s Household International, Beneficial, and Household Finance no longer have the sub-prime market locked up. While today’s new “creative” mortgages may not be good in the long run they do push predators out of the market mainstream.” (courtesy of Household – HSBC Watch)