Concept information
Preferred term
subprime loans
Definition
- Subprime mortgage loans were the primary contributor to the mortgage default crisis of 2008 and beyond. Subprime loans were made to borrowers with impaired and/or limited credit histories. [Source: Encyclopedia of White-Collar and Corporate Crime; Subprime Loans]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/subprime_loans
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