subprime lender
High-risk loan source
A subprime lender is a financial institution that extends credit to borrowers with poor credit histories or limited ability to repay—people who don't qualify for conventional loans.
These lenders charge higher interest rates to offset the increased risk of default.
The term gained notoriety during the 2008 financial crisis, when widespread subprime mortgage lending contributed to a housing market collapse.
- mortgageSecured home loan
- predatoryExploiting the vulnerable
- foreclosureLender seizes mortgaged property
- housing crisisSevere lack of affordable dwellings
- housingDwellings or protective covering
default · adjustable rate · adjustable · risky · bad credit · bubble · crisis · broker · interest · debt · credit · loan · no money down · refinance · bailout · too big to fail · toxic · underwater
subprime lendercredit union
Member-owned financial cooperative
community bank · private bank · JPMorgan Chase · savings and loan · Goldman Sachs
subprime, lender, sub, prime, lend, primal, primer, primeval, primary