Costlier home loans — and more foreclosures — spread to Ohio’s small towns and suburbs
In Ohio, the loans are more common across the state’s farmlands and Appalachian hills, a Dispatch analysis of new federal data shows.
Subprime loans are designed for people who can’t qualify for traditional mortgages because of poor credit, low income or the lack of a down payment — or people who want to borrow more than permitted by conventional standards.