Subprime lending

(redirected from Non-prime)

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 ?
Signet is announcing an agreement to sell its non-prime in-house credit card receivables and enter a five-year committed forward flow purchase program for future originations.
Genesis Financial Solutions, the nation's provider of non-prime consumer financing solutions, announced the promotion of Evan Bryman to Chief Operating Officer, the company said.
Genesis Financial Solutions, a US provider of non-prime consumer financing solutions, has said that it has promoted Evan Bryman as its chief operating officer.
Procurement Policy: C(1) = Activity restricted to non-prime contractors (incl.
Announced in April, the National Credit Union Foundation's Non-Prime Auto Lending program aims to help lenders fairly price and manage non-prime auto loans, incorporating the LIFT idea introduced by the Filene Research Institute's i3 team in 2011.
This deal also provides Morgan Stanley with new origination capabilities in the non-prime market, which we can build upon to provide access to high-quality product flow across all market cycles.
In planning ahead, divide the camp day into two types of time periods: non-prime time and prime time.
350 per hour for prime time and $250 per hour for non-prime time.
RMBS non-prime residential mortgage loan pools reviewed by Fitch during October 2011 through December 2011 for the potential of issuing long-term ratings.
a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, has announced that its Rise product, traditionally offering installment loans, will now offer lines of credit, the company said.
CarFinance Capital LLC, a provider of non-prime financing for auto dealers, said that it has secured financial assistance.
RMBS non-prime residential mortgage loan pools reviewed by Fitch during July 2011 through September 2011 for the potential of issuing long-term ratings.