Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
sub-prime — UK US (also subprime) adjective PROPERTY, FINANCE ► used to describe a mortgage that has a high risk of not being paid back: subprime mortgages/loans/lending » This credit crunch was sparked by fears that banks gave out too many subprime… … Financial and business terms
sub-prime — UK [ˈsʌbˌpraɪm] / US or subprime UK / US adjective economics used to describe lending at a higher than usual rate of interest because it involves borrowers who are less likely to be able to pay back their loan the subprime mortgage crisis … English dictionary
sub|prime — «SUHB prym», adjective. relating to a mortgage or other loan that is made to borrowers with a poor credit or no credit history: »In many ways, subprime loans, or lending to individuals with poor credit, are the consumer equivalent of junk bonds… … Useful english dictionary
Mortgage discrimination — or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion. One of the most notable instances … Wikipedia
Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions … Wikipedia
Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
Commercial mortgage — Finance Financial markets Bond market … Wikipedia
Alternative Mortgage Transaction Parity Act - AMTPA — An act from 1982 that over rode many state laws that prevented banks from using mortgages other than conventional fixed rate mortgages. This act allowed for the total costs of loans to become obscured, and led to the availability of various new… … Investment dictionary
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
