Misfit Borrowers Attract Lenders as Housing Revives

Misfit Borrowers Attract Lenders as Housing Revives

Tim Boyle/Getty Images

Raj Date, 42, left the CFPB in January to found Washington-based Fenway Summer LLC, which plans to provide loans, including interest-only financing, to borrowers he considers low risk even though they might carry debt that exceeds the agency’s threshold.