Definition:A subprime mortgage is a home loan that is given to applicants with a poor credit history who typically do not qualify for traditional mortgages. What Does Subprime Mortgage Mean? Contents[show] What is the definition of subprime mortgages?Since these loans are extremely risky for the ...
The meaning of SUBPRIME is having or being an interest rate that is higher than a prime rate and is extended chiefly to a borrower who has a poor credit rating or is judged to be a potentially high risk for default (as due to low income). How to use subp
subprime (redirected fromSubprime loan) Financial Related to Subprime loan:CDO,Subprime mortgage sub·prime (sŭb′prīm′) adj. Relating to loans that have a high interest rate and high risk of default. [sub-+prime(from the fact that loans with high interest rates are offered to nonpreferre...
Yes, mortgage bonds still exist. While mortgage-backed securities (MBSs) had a bad image after the financial crisis in 2008 due to many MBSs consisting of subprime loans, MBSs are an important aspect of the financial markets. They provide liquidity, free up the balance sheets of banks, suppor...
She also insists she was not “financially involved” with the down payment or mortgage payments on the property. FromThe Daily Beast Eventually, Cuomo entered the Clinton administration, and as HUD secretary sowed the seeds of the subprime mortgage catastrophe. ...
The specific amount of interest charged on a subprime loan is not set in stone. Different lenders may not evaluate a borrower’s risk in the same manner. This means a subprime loan borrower has an opportunity to save some money by shopping around. Still, by definition, all subprime loan ra...
Definition of Subprime market in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Subprime market? Meaning of Subprime market as a finance term. What does Subprime market mean in finance?
of the early 1980s lasted 16 months, from July 1981 through November 1982. The Great Recession of 2007 to 2009 was 18 months of substantial contraction spurred by the collapse of the housing market—fueled by low-interest rates, easy credit, and insufficient regulation of subprime mortgage ...
Related to subprime loan: CDO, Subprime mortgageSubprime Loan A loan that is made at a higher interest rate than most other loans. Subprime loans are made to borrowers who do not qualify for ordinary loans because of bad credit history or some other reason. There is a higher risk of defaul...
Although many refer to this sector as "subprime," "B&C" and "home-equity" lending, the Mortgage Bankers Association of America (MBA) has shied away from using these terms in favor of the more accurate term "nonconforming credit" lending to encompas...