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Subprime lending
(redirected from Sub-prime 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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So it appears that the sub-prime mortgage crisis can affect the property market from several different angles, and this seems to be exactly the situation that has occurred in the modern property market.
All About the Bank Bail Out ? Part 4 by Michael Sterios / Finance and Investment community
Last year, the FSA identified serious problems across the sub-prime mortgage sector and has pursued a campaign to clean up the industry since.
Sub-prime failings cost adviser £900,000 by guardian.co.uk / guardian.co.uk
And if you''re just the average person out there in the world, you might not need to know any more about the sub-prime mortgage bust.
Real Estate & the Sub-Prime Mortgage Bust by Kinan Beck / Real estate industry community
 
 
 
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