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Subprime lending
(redirected from Nonprime mortgage)

    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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Articles in The Village Voice likewise have drawn attention to how current New York State Attorney General Andrew Cuomo, as Secretary of HUD between 1997-2001, actively pushed Fannie Mae and Freddie Mac into backing the enormous expansion of the nonprime mortgage market.
How did we get into this financial mess? by White, Lawrence H. / USA Today (Magazine)
r&d Nonprime Mortgage News NL--Royal Media Group, financial New York 24x Operations Management Research--Springer, business New York 4x Optics & Photonics Letter--World Scientific optics Publishing, Hackensack, NJ 4x Peer--to--Peer Networking and telecom tech.
Trade and professional magazine, journal, newsletter & online ... by Business Publisher
Predatory lenders typically target what''s known as the nonprime mortgage market, where people with blemished credit records try to borrow money for homes in less desirable neighborhoods, which means that it''s often minority groups, such as African-Americans and Latinos, who are the victims of predatory lending practices.
Credit Help for Mortgage Financing Beware of Predatory Lenders by Jeanette Fisher / Finance and Investment community
 
 
 
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