Check out this article in the Deseret News which features Your's Truly quoted in the article as well as extensive quotes from this blog.

I was contacted by the journalist (Jasen Lee) who wrote the article looking for people I knew who had subprime loans that were currently in default.  None of my subprime clients were in default because of the fact they were in a subprime loan (I have had clients default but not because their loan was subprime, but they defaulted for other reasons like becoming unemployed, etc.).  As a matter of fact, we are very careful in the loans we do for our clients.  If we think there is even a hint of a chance they might default we will not do the the loan.

Instead, I pointed out to Jasen that he should do an article taking the opposite tack as everybody else.  What about the 80% to 85% of people who used a subprime loan to get into a house who are not defaulting?  They would not have been able to buy a house were it not for subprime loans, and they would not have been able to partake in the biggest property value increase we've seen in this market in any of our lifetimes, and perhaps the biggest property value increase many of us will ever see.

I have more thoughts on this issue but will save them for another post.