| LC control no. | sh2008004346 |
|---|---|
| Topical heading | Subprime mortgage loans |
| Variant(s) | B-paper mortgage loans Near-prime mortgage loans Non-prime mortgage loans Nonprime mortgage loans Second chance mortgage loans Sub-prime mortgage loans |
| See also | Mortgage loans |
| Scope note | Here are entered works on mortgage loans offered at a higher interest rate than the prime rate, primarily to individuals with low credit scores who do not qualify for traditional financing. |
| Found in | LC database, June 4, 2008. Wikipedia, June 4, 2008 ("In general, subprime lending (also known as B-paper, near-prime, or second chance lending) is lending at a higher rate than the prime rate. However, in US mortgage lending specifically, the term "subprime" simply refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. [O]ften defined ... as lending to borrowers with compromised credit histories") Google search, June 4, 2008 (B-paper mortgage loans; near-prime mortgage loans; non-prime mortgage loans; nonprime mortgage loans; second chance mortgage loans; sub-prime mortgage loans) |
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