What are subprime loans?

Some articles on loans, subprime, loan:

Timeline Of The United States Housing Bubble - 2001 - 2006
... Mortgage denial rate of 14 percent for conventional home purchase loans, half of 1997. 2003 Fannie Mae and Freddie Mac buy $81 billion in subprime securities ... that would lower closing costs by approximately $700 per loan ...
Government Policies And The Subprime Mortgage Crisis - Community Reinvestment Act - Debate About The Role of CRA in The Crisis
... however, amendments to CRA, made in the mid-1990s, increased the amount of home loans to unqualified low-income borrowers and, for the first time, allowed the securitization of CRA-regulated loans ... Conservative author Joseph Fried notes "There is a paucity of CRA loan performance data ... Activists, such as NACA, steadfastly refuse to publish statistics related to the loans they broker ...
Causes Of The United States Housing Bubble - Government Policies - Mandated Loans
... National Mortgage Association) and "Freddie Mac" (Federal Home Loan Mortgage Corporation) ... The Housing and Community Development Act of 1992 established an affordable housing loan purchase mandate for Fannie Mae and Freddie Mac, and that ... percent or more of Fannie’s and Freddie’s loan purchases be related to affordable housing ...
Subprime Crisis Impact Timeline - 2001-2004
2001), creating an easy-credit environment that fueled the growth of US subprime mortgages ... A Home Without Equity is just a Rental with Debt, criticizing the massive growth in home equity loans and refinancing for consumer purchases, amongst other things. 2002-2006 Fannie Mae and Freddie Mac combined purchases of incorrectly rated AAA subprime mortgage-backed securities rise from $38 billion to $90 billion per year ...
Subprime Crisis Impact Timeline - 2007
... Financial crisis of 2007–2010, List of writedowns due to subprime crisis, and List of bankrupt or acquired banks during the subprime mortgage crisis ... The subprime mortgage industry collapses, and a surge of foreclosure activity (twice as bad as 2006) and rising interest rates threaten to depress prices further as problems in the subprime ... the country's 15th largest subprime lender with $3.3 billion in loans funded in third quarter 2006, files for Chapter 11 ...

Famous quotes containing the word loans:

    The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations.... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.
    John Kenneth Galbraith (b. 1908)