31+ a subprime mortgage is quizlet

No Income Verifiable No Assets. Web Type of subprime loan.

How The Federal Government Created The Subprime Mortgage Crisis Foundation For Economic Education

Web A subprime mortgage is a mortgage made to a borrower who has a below normal credit rating True or False True False GNMA role is to provide insurance to pass through.

. Web Subprime Loan also known as High-Cost Loan. The higher interest rate is intended. Web Subprime mortgages are loans to borrows with.

They dont require a down payment. A loan typically offered to individuals with low income andor poor credit who would normally otherwise have difficulty qualifying for. 228 Loan Type of subprime loan where borrower has fixed interest rate for first two years and variable interest rate for last.

Web Whats one of the main problems with subprime mortgages. But as housing prices increased rapidly mortgage lenders began making loans to people who did not meet the. Web A subprime mortgage is generally a loan that is meant to be offered to prospective borrowers with impaired credit records.

Their introductory interest rates are very low but increase greatly after a few years.

Subprime Mortgage Crisis Wikipedia