Jun 2, 2008

Raymond McKewon: "The nonprime lending industry is... acyclical" (2004)

The nonprime lending industry is to a large degree acyclical - not cyclical or countercyclical.

~ Raymond McKewon, executive vice president and co-founder, Accredited Home Lenders, "Subprime Time," Institutional Investor, December 2004, by Steven Brull

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