This is strictly in the realm of "talk" and "rumor" but there appears to be increasing interest by some seasoned mortgage professionals in hard money lending again -- as in subprime. But don't for a minute think this is subprime lending of 2000 to 2008. This is old styled 'home equity lending' from the 1960s and 1970s where there is equity in the house and the interest rate being charged is five points or more above the going GSE rate. The paper is held by wealthy private individuals or investment funds. Oh, and I heard that one of Angelo Mozilo's sons is now working in the space...
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