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Sub Prime
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last edited by BillSeitz on Nov 9, 2008 8:48 am

category of - where lender is higher-risk than "normal"

http://en.wikipedia.org/wiki/Subprime_lending

often structured as an [ARM] ([Adjustable Rate Mortgage]), with an initially low interest rate (partially due to low Fed rates at the time, partially due to marketing [Bait And Switch])

another failure in 2006-8

part of

See : | | | | | | | | | | | | |


 



Bill Seitz, fluxent at gmail dot com, Weblog