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Subprime mortgage crisis - Wikipedia, the free encyclopedia
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Subprime lending - Wikipedia, the free encyclopedia
Subprime lending (near-prime, non-prime, or second-chance lending) in finance means making loans that are in the riskiest category of consumer loans and are typically sold in a market from prime loan...
en.wikipedia.org/wiki/Subprime_lending |
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A sub-prime lender is one who made loans to borrowers who did not qualify for loans from mainstream lenders. ... March 22, 2004, Revised August 1, 2006, February 26, 2007, June 30, 2009; "I hear terrible things about subprime mortgage lenders. What are they and how can I avoid them?";
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We use data from a variety of sources to study the subprime mortgage market: For example, we characterize the market with detailed information on 7.2 million loans leased from a private data provider called LoanPerformance.
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He should stiffen his meager bailout plan and call for a moratorium on foreclosures and serious government intervention. ... As the subprime mortgage debacle drives a recession that threatens financial markets around the world, the Democratic presidential candidates are pushing plans to address the crisis.
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This is what they call the subprime mortgage market, where in the last few years 6 million bad risks have gotten the financing they needed to buy a house. ... As long as housing prices were jumping higher almost by the hour, the subprime mortgage holders pretty much managed their monthly payments, although there are...
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The Development of the Subprime Mortgage Market; Let me begin with some background. Subprime mortgages are loans made to borrowers who are perceived to have high credit risk, often because they lack a strong credit history or have other characteristics that are associated with high probabilities of default.
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Subprime mortgage lending has grown tremendously since the early 1990s and now constitutes a significant fraction of the overall mortgage market. This Economic Letter defines subprime mortgage lending, describes its growth, and presents evidence on the link between this market and the capital markets.
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New York is on the verge of extending laws to protect subprime mortgage borrowers from foreclosure to prime borrowers. ... The subprime mortgage market lends money to people who don’t meet the credit or documentation standards for ordinary mortgages. Since subprime borrowers often have credit problems or low...
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