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 ?
Procurement Policy: C(1) = Activity restricted to non-prime contractors (incl.
Princeton Alternative Funding recently launched the Princeton Alternative Income Fund in order to provide lines of credit to finance companies that offer short term loans in the non-prime and alternative market.
CarFinance Capital LLC, a provider of non-prime financing for auto dealers, said that it has secured financial assistance.
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.
The study examines dealer satisfaction with lenders in four finance segments: prime retail credit; non-prime retail credit[sup.
RMBS non-prime residential mortgage loan pools reviewed by Fitch during July 2011 through September 2011 for the potential of issuing long-term ratings.
com) announced today a new FCRA-compliant prescreen service for lenders using proprietary data from non-prime financial services.
RMBS non-prime residential mortgage loan pools reviewed by Fitch during April 2011 through June 2011 for the potential of issuing long-term ratings.
com launches with downloadable research studies to better understand the behavior of the non-prime consumer