What are subprime mortgages?

Some articles on subprime mortgage, mortgages, subprime, subprime mortgages:

Subprime Mortgage Crisis
... subprime mortgage crisis was a set of events and conditions that led to a financial crisis and subsequent recession that began in 2008 ... It was characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages ... A proximate cause was the rise in subprime lending ...
Government Policies And The Subprime Mortgage Crisis - Fannie Mae and Freddie Mac - Debate About The FCIC Conclusions
... A second counter-argument is that the definition of "non-traditional mortgages" used in Pinto's analysis overstated the number of risky mortgages in the system by including Alt-A, which was not ... explained in July 2011 that the data provided by Pinto significantly overstated the number of subprime loans, citing the work of economist Mike Konczal "As ... There was no question about why this was happening the subprime mortgage originators were starting to dominate the market ...
United States Housing Market Correction - Major Downturn and Subprime Mortgage Collapse, 2007 - Subprime Mortgage Industry Collapse
... In March 2007, the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates, with more than 25 subprime lenders ... The stock of the country's largest subprime lender, New Century Financial, plunged 84% amid Justice Department investigations, before ultimately filing for Chapter 11 bankruptcy on 2 April 2007 with liabilities ... The manager of the world's largest bond fund PIMCO, warned in June 2007 that the subprime mortgage crisis was not an isolated event and will eventually take a toll on the economy and whose ...
Subprime Crisis Impact Timeline - 2001-2004
... environment that fueled the growth of US subprime mortgages ... Freddie Mac combined purchases of incorrectly rated AAA subprime mortgage-backed securities rise from $38 billion to $90 billion per year ... Lenders began to offer loans to higher-risk borrowers, Subprime mortgages amounted to $600 billion (20%) by 2006 ...
Subprime Crisis Background Information - The Subprime Mortgage Crisis in Context - Subprime Market Data
... subprime mortgages was estimated at $1.3 trillion as of March 2007, with over 7.5 million first-lien subprime mortgages outstanding ... 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 ... Between 2004 and 2006 the share of subprime mortgages relative to total originations ranged from 18%-21%, versus less than 10% in 2001-2003 and during 2007 ...