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2. What is a subprime mortgage? - AOL

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

   Subprime vs. prime mortgage example. Because subprime mortgages are for borrowers with low credit scores, these loans raise risk for the lender. To make up for that risk, the lender charges higher ...

3. Subprime lending - Wikipedia

   en.wikipedia.org/wiki/Subprime_lending

   The term subprime refers to the credit quality of particular borrowers, who have weakened credit histories and a greater risk of loan default than prime borrowers. [5] As people become economically active, records are created relating to their borrowing, earning, and lending histories.

4. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   Subprime mortgages grew from 5% of total originations ($35 billion) in 1994, [92] [93] to 20% ($600 billion) in 2006. [93] [94] [95] Another indicator of a "classic" boom-bust credit cycle was a narrowing of the difference between subprime and prime mortgage interest rates (the "subprime markup") between 2001 and 2007. [96]

5. Credit rating agencies and the subprime crisis - Wikipedia

   en.wikipedia.org/wiki/Credit_rating_agencies_and...

   Mortgage underwriting standards deteriorated to the point that between 2002 and 2007 an estimated $3.2 trillion in loans were made to homeowners with bad credit and undocumented incomes (e.g., subprime or Alt-A mortgages) [6] and bundled into MBSs and collateralized debt obligations that received high ratings and therefore could be sold to ...

6. Goldman vs. Magnetar: A Dozen Questions About the Subprime ...

   www.aol.com/news/2010-04-19-goldman-vs-magnetar...

   For the first five years of the decade, the subprime mortgage business was kept drowning in cash by a cabal of financial engineers who knew they could sell bonds backed by American mortgages to ...

7. Alt-A - Wikipedia

   en.wikipedia.org/wiki/Alt-A

   Alt-A interest rates, which are determined by credit risk, therefore tend to be between those of prime and subprime home loans, although there is no single accepted definition of Alt-A. [2] Typically Alt-A mortgages are characterized by borrowers with less than full documentation, average credit scores, higher loan-to-values, and more ...

8. Half of Prime Mortgages Could Go Upside Down - AOL

   www.aol.com/news/2011-10-10-half-of-prime...

   Half of borrowers with prime loans -- or loans made to borrowers with good credit and income -- will likely end up underwater anyway, according to a recent report. Already more than one-third of ...

9. 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]