From lenders to buyers to hedge funds, when it comes to the subprime mortgage crisis, everyone had blood on their hands.
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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.
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The subprime meltdown includes the economic and market fallout following the housing boom and bust from 2007 to 2009.
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The subprime market is the business of lending money to people or businesses who are at a greater risk of default on their payments.
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A subprime mortgage is normally issued to borrowers with lower credit ratings. It typically carries a higher interest rate that can increase over time.
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Key Takeaways. The stock market and housing market crashes of 2008 trace their origins to the unprecedented growth of the subprime mortgage market that began in ...
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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 ...
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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.
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