A lender who gives mortgages to borrowers with poor credit who do not meet the criteria for a conforming or conventional mortgage. These lenders charge higher fees and interest rates in exchange for taking on the additional risk that is associated with subprime loans.
Related information about subprime lender:
- Subprime lending - Wikipedia, the free encyclopedia
In finance, subprime lending (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty ...
- HUD Subprime and Manufactured Home Lender List | HUD USER
First, since 2004, the HUD List is restricted to subprime lender specialists since HMDA analysts can now easily determine whether a lender specializes in ...
- Subprime Lender Definition | Investopedia
A type of lender that specializes in lending to borrowers with a tainted or limited credit history. Subprime lending is more concentrated in a smaller number of ...
- FHEO - Subprime Lending - HUD
Typically, subprime loans are for persons with blemished or limited credit histories. The loans carry a higher rate of interest than prime loans to compensate for ...
- Westlake Financial Services - Subprime Lender for over 20 years
Subprime lending and auto financing for independent and franchise dealers. Westlake Financial is the leading sub-prime financial company that enables car ...
- Confessions of a Subprime Lender: An Insider's Tale of Greed ...
"...packed with tales of crooked brokers, deceitful customers, avaricious Wall Street banks and all too obliging credit rating agencies." (The Guardian, September ...
- Subprime Lender Springleaf Plans $787 Million Mortgage-Bond ...
Oct 17, 2012 ... Springleaf Finance Corp., the subprime lender that's been raising cash to repay maturing debt by packaging older mortgages into bonds, plans ...
- Concept:Subprime lending
Subprime Lender Springleaf Plans $787 Million Mortgage-Bond Sale. Bloomberg Oct 17 Comment · MarketWatch First Take: ACLU bias suit ties subprime to ...