A subprime mortgage is normally issued to borrowers with lower credit ratings. It typically carries a higher interest rate that can increase over time.

A subprime mortgage—now known as nonprime mortgages—is a type of loan granted to those who would not be able to qualify for conventional home mortgages.

The subprime meltdown was the sharp increase in high-risk mortgages that went into default beginning in 2007. The housing boom of the mid-2000s, along with low- ...

Subprime refers to borrowers with a poor credit history or none at all. Subprime loans carry higher interest rates to make up for the greater risk that subprime ...

The meltdown of the subprime mortgage market in 2007 and 2008 led to the Great Recession. Learn more about the factors that caused the financial crisis.

The subprime market is the business of lending money to people or businesses who are at a greater risk of default on their payments.

Feb 2, 2024 · A subprime mortgage is generally a loan that is meant to be offered to prospective borrowers with impaired credit records. The higher interest ...

Aug 29, 2023 · A subprime borrower is a person who is considered to be a relatively high credit risk for lenders and who may have a harder time obtaining ...