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More than a third of Americans have a credit score that's considered subprime—here's what that means
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 ...
In the thick of economic uncertainty and high interest rates, adjustable-rate mortgages are making a comeback. ARMs offer ...
If Fed rates don't decrease by at least 75 basis points soon, untapped home equity potential could serve as the "lifeline" for the U.S. economy, according to Meredith Whitney.
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.
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