Nonconforming loans are losing their stigma as the ugly stepchildren of the mortgage family, according to speakers at a conference on subprime lending sponsored by the National Real Estate Development Center.

Many times, the 150 lenders at the conference were told mortgages with lower credit quality, known as B and C loans, would soon become commodities. The commoditizing of mortgages with the highest credit quality, known as A loans, has already shrunk profit margins for traditional lenders.

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