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If you have less-than-stellar credit, you may be classified as someone who is "subprime," which means your credit score is lower than what's required to get the best, or "prime," interest rates.
Investors were on the lookout for new, post-technology bubble investment opportunities, which they found in the form of loans to high-risk homebuyers, known as subprime mortgages. During this ...
And Countrywide is there. And [Countrywide CEO Angelo] Mozilo was there. Other bankers are there from Citigroup. What happened? Well, oftentimes what would happen at these meetings is the ...
The biggest global economic contraction since World War II stemmed from subprime mortgage defaults. The most severe economic downturn since World War II occurred between December 2007 and June 2009.
We’re talking about very different subprime loans to the ones that crippled the US mortgage industry and contributed to the Global Financial Crisis in 2007-2008. These are small, collateral-free ...