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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. 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 ...

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. 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 crisis impact timeline - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_impact...

   April 3: According to CNN Money, business sources report lenders made $640 billion in subprime loans in 2006, nearly twice the level three years earlier; subprime loans amounted to about 20 percent of the nation's mortgage lending and about 17 percent of home purchases; financial firms and hedge funds likely own more than $1 trillion in ...