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subprime-mortgage

 

Definitions from the Web

Term: subprime-mortgage

Description:

A subprime mortgage refers to a type of loan that is extended to borrowers with lower credit ratings or inadequate financial history. These loans often carry higher interest rates, fees, and are considered to have a greater risk of default compared to prime mortgages.

Senses and Usages:

  1. As a noun:
    • A subprime mortgage can be a financial instrument that enables individuals with poor credit to purchase homes.
    • During the housing crisis, the high number of subprime mortgages contributed to the collapse of the housing market.
    • Many lenders tightened their lending criteria after experiencing significant losses from subprime mortgages.
  2. As an adjective (subprime-mortgage):
    • The subprime-mortgage crisis led to widespread financial instability.
    • Investors sought to minimize exposure to subprime-mortgage-backed securities.
    • Lenders offered subprime-mortgage rates to attract more borrowers.

Sample Sentences:

  1. The family struggled to secure a subprime mortgage due to their less-than-perfect credit history.
  2. She refinanced her subprime mortgage to take advantage of lower interest rates.
  3. The subprime-mortgage industry faced severe criticism for predatory lending practices.
  4. Despite the risks, many individuals rely on subprime mortgages to achieve homeownership.

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