SUB 500 Mortgage Inc.

Peter Coy

Thanks to for pointing out a company specializing in mortgage loans for people with abysmally bad credit--FICO scores below 500.

The San Diego-based company, SUB 500 Mortgage Inc., illustrates the home page of its website with a driver's eye view of a race track, which I guess is the revved-up perspective of people who actually think they can go out and buy a house with severely impaired credit.

Rates start at just over 10%.

Before it's here, it's on the Bloomberg Terminal.