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2. What is a subprime mortgage? - AOL

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

   Other options you might want to consider besides a subprime home loan include: FHA loans – If your credit score is at least 580, consider an FHA loan with a down payment of 3.5 percent. If your ...

3. Government policies and the subprime mortgage crisis

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

   One study, by a legal firm which counsels financial services entities on Community Reinvestment Act compliance, found that CRA-covered institutions were less likely to make subprime loans (only 20–25% of all subprime loans), and when they did the interest rates were lower. The banks were half as likely to resell the loans to other parties. [114]

4. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

5. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   In 2007, 40% of all subprime loans resulted from automated underwriting. [103] [104] The chairman of the Mortgage Bankers Association claimed that mortgage brokers, while profiting from the home loan boom, did not do enough to examine whether borrowers could repay. [105] Mortgage fraud by lenders and borrowers increased enormously. [106]

6. What are guaranteed mortgage loans? - AOL

   www.aol.com/finance/guaranteed-mortgage-loans...

   A guaranteed loan is any loan that’s backed by a party other than the lender. That third party assumes some of the responsibility for the loan to the benefit of the lender.

7. Government intervention during the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_intervention...

   In order for the deal to go through J.P. Morgan Chase required [24] the Fed to issue a nonrecourse loan of $29 billion to Bear Stearns. [25] [4] This means that the loan is collateralized by mortgage debt [26] and that the government can't go after J.P. Morgan Chase's assets if the mortgage debt collateral becomes insufficient to repay the loan ...

8. USDA loans: What are they and am I eligible? - AOL

   www.aol.com/finance/usda-loans-am-eligible...

   The USDA guaranteed home loan program (officially known as Section 502 Guaranteed) allows approved mortgage lenders to provide 30-year fixed-rate loans to borrowers in USDA-eligible locations.

9. Subprime crisis background information - Wikipedia

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

   Subprime loans are loans to borrowers displaying one or more of these characteristics at the time of origination or purchase. Such loans have a higher risk of default than loans to prime borrowers." [ 1 ] If a borrower is delinquent in making timely mortgage payments to the loan servicer (a bank or other financial firm), the lender may take ...