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Subprime lending
(redirected from Sub prime lending)

   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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Federal Reserve Board Chairman Ben Bernanke has confirmed the Housing Predictor forecast that more than 2 million homes will be foreclosed as a result of the sub prime lending crisis.
He added that "at this stage" there was no intention to move out of sub prime lending.
com Ofek Capital is a North American financial services company that operates within the sub prime lending and financing market.
 
 
 
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