Skip to main content

Sage Social Science Thesaurus

Search from vocabulary

Content language

Concept information

... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > business fraud and crimes > liar loans
... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > financial and securities fraud > liar loans

Preferred term

liar loans  

Definition

  • The term liar loans was applied by mortgage industry insiders and picked up by the public press as a nickname for a class of subprime mortgages known officially as Alt-A, especially during the housing bubble of the early 2000s. These mortgages are also called “stated-income mortgages,” and borrowers can apply for such a loan with full income documentation, with lower standards for income documentation (low-doc), or with no income documentation required (no-doc). [Source: Encyclopedia of White-Collar and Corporate Crime; Liar Loans]

Broader concept

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/liar_loans

Download this concept:

RDF/XML TURTLE JSON-LD