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2. Subprime lending - Wikipedia

   en.wikipedia.org/wiki/Subprime_lending

   Under a typical subprime mortgage made during the housing boom, a $500,000 loan at a 5.5% interest rate for 30 years results in a monthly principal and interest payment of approximately $2,839.43. In contrast, the same loan at 8.5%, under a typical 3% adjustment cap for 27 years (after the adjustable period ends), results in a payment of about ...

3. What is a subprime mortgage? - AOL

   www.aol.com/finance/subprime-mortgage-175324178.html

   Compared to subprime mortgages, prime mortgages are available to highly qualified borrowers who pose little risk to lenders. When lenders advertise rates “as low as” a certain percentage ...

4. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   Subprime mortgage lending jumped dramatically during the 2004–2006 period preceding the crisis. [9]The immediate cause of the crisis was the bursting of the United States housing bubble which peaked in approximately 2006.

5. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   Federal Reserve data found more than 84% of the subprime mortgages in 2006 coming from private-label institutions rather than Fannie and Freddie, and the share of subprime loans insured by Fannie Mae and Freddie Mac decreasing as the bubble got bigger (from a high of insuring 48% to insuring 24% of all subprime loans in 2006). [81]

6. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   The value of U.S. subprime mortgages was estimated at $1.3 trillion as of March 2007, [18] with over 7.5 million first-lien subprime mortgages outstanding. [19] Approximately 16% of subprime loans with adjustable rate mortgages (ARM) were 90-days delinquent or in foreclosure proceedings as of October 2007, roughly triple the rate of 2005. [20]

7. Subprime mortgage holders will probably default, even after ...

   www.aol.com/2009/06/03/suprime-mortage-holders...

   The Obama administration's stimulus program has given incentives to mortgage lenders and homeowners under water to modify their loans, rather than foreclose. The effort has had some success, but a ...