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Subprime lending
(redirected from Non-prime loans)

   Also found in: Wikipedia 0.01 sec.
Subprime lending
Lending to individuals who have a bad credit history or relatively low income. A higher interest rate is charged for such loans because risk to the lender is higher. Excessive subprime lending is often pointed to as one of the major causes of the financial crisis of 2008-2009.


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We normally see one in twenty of our survey respondents specialized in originating non-prime loans.
It incorporates newly tailored model segments to adapt to the unique portfolio characteristics of prime, Alt-A and non-prime loans and maintains market leading detection rates and low false positives on all portfolio types.
2 million of non-prime loans to Option One and the remaining prime production to a third party.
 
 
 
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