subprime mortgage
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

subprime mortgage
Those real estate mortgages which do not conform to standard or prime lending criteria. Such mortgages are generally targeted at customers with impaired or low credit ratings who may find it difficult to obtain finance from traditional sources.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Subprime Mortgage — A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the borrower s lowered credit rating, a conventional mortgage is not offered because the lender views the borrower as having a larger than average …   Investment dictionary

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  • Subprime Mortgage Loan — (низкокачественный ипотечный кредит) кредит, обеспеченный первичной или вторичной ипотекой, заемщик по которому допускал просрочку платежей или имеет другие кредитные проблемы …   Ипотека. Словарь терминов

  • Government intervention during the subprime mortgage crisis — Due to the subprime mortgage crisis, a variety of government bailouts were implemented to stabilize the financial system during late 2007 and early 2008. Governments intervened in the United States and several Western European countries, such as… …   Wikipedia

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  • Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …   Wikipedia

  • Mortgage underwriting — is the process a lender uses to determine if the risk (especially the risk that the borrower will default[1] ) of offering a mortgage loan to a particular borrower is acceptable. Most of the risks and terms that underwriters consider fall under… …   Wikipedia

  • Subprime crisis impact timeline — The subprime crisis impact timeline includes government laws, regulations and entities and their effect on private institutions; information and statistics about governmental and private activities and trends; and details of important incidents,… …   Wikipedia

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