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to subprime
noun
A subprime loan.
Exact(59)
They get steered to subprime lending...
Ford has little exposure to subprime mortgages.
A formal home loan is onerous to subprime borrowers in efficient markets.
And that is what leads you to subprime.
That seems to have encouraged lending, especially to subprime borrowers.
You go from prime to subprime to silly loans.
They would still be heavily exposed to subprime assets.
That should be a great boon to subprime borrowers.
In July, the S.E.C. charged Citigroup with material misstatements of its exposure to subprime mortgages.
Loans were doled out to "subprime" borrowers with poor credit histories who struggled to repay them.
Similar(1)
It induced lenders to extend credit overeagerly, overgenerously to subprime borrowers.
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