Subprime lending

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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.
References in periodicals archive ?
Global Banking News-23 July 2010-Citi closes nine sub prime lending offices(C)2010 ENPublishing - http://www.
Its Sub Prime Lending Division, Development Of A Sub Prime Loan Servicing
In Oklahoma, the sub prime lending industry makes a significant contribution to the state's tax revenue, and to construction and real estate," he added.
Ofek Capital is a North American financial services company that operates within the sub prime lending and financing market.
In addition, the company plans to enter the sub prime lending market by year end.