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Why sub-prime crisis is called as Sub-prime?
It is called "sub-rime" because the holding of sub-prime (low credit quality) debt precipitated the crisis.
Can a mortgage become sub prime?
No. It begins life as a sub-prime mortgage.
What is the difference between a prime contractor and a subcontractor?
The prime contractor is contracted by the end customer. Sub-contractors are contracted by the prime contractor or other sub-contractors.
What are sub primes?
Sub prime can be used in two aspects 1. Sub prime customer - A customer who does not have a great credit history and does not have the income to pay the monthly mortgage payments on the loan he is asking for 2. Sub prime Loan - A loan that is granted to a sub prime customer If you have a monthly income of $10000 and you ask for a mortgage loan with monthly payment of $4000 then you are a good customer If you have a monthly income of $4000 and you ask for a loan with monthly payment as $10000 then you would be a sub prime customer
What is a sub-prime and Alt-A loan?
A sub-prime loan is a type of loan that is offered to those individuals that have poor credit histories and/or have a relatively high risk of default. Sub-prime loans tend to be costlier in terms of closing costs, fees and APRs than traditional (prime) loans. An Alt-A loan is a type of loan that is offered to those that don't qualify for prime loans, but who have a better risk profile than those in the sub-prime category. Alt-A loans are costlier than prime loans in terms of fees and APRs, however, they are not as costly as sub-prime loans.
What is sub prime mortgage and what does it do?
A sub prime mortgage is a type of mortgage in which you are paying a lower prime rate for the home you are buying. You could seek financial information from an attorney or financial rep.
What is a sub prime credit score and it is 640?
sub prime credit score refers to a credit score which is below the national average. According to a 2011 Experian study, the average score in the USA is 687. So, anything under 687 is considered sub prime.
Write a program to find prime number in vb net?
Private Sub Command1_Click() Dim I, N As Integer N = Val(Text1.Text) For I = 2 To N - 1 If N Mod I = 0 Then Print "THE NUMBER IS NOT A PRIME NUMBER" Exit Sub End If Next I Print "THE NUMBER IS A PRIME NUMBER" End Sub Private Sub Command2_Click() Text1.Text = "" Text1.SetFocus End Sub Private Sub Command3_Click() End End Sub
He is a bottle. What part of speech is this?
The sub -prime part
What are the disadvantages of borrowing from sub prime lenders?
There are a number of potential disadvantages to borrowing from sub prime lenders. Interest rates are often raised after the initial two year period making it difficult to keep up with payments. There are a high number of foreclosure properties linked to sub prime borrowing.
What lenders do sub prime mortgages?
Not all lenders give the oppurtunity of sub prime mortgages, but one for example that does is the Infinity Federal Credit Union (IFCU). This is one of the posibilities.
What is toxic waste in the mortgage market?
sub-prime mortgages
