subprime mortgage

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:

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  • 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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