When did the subprime mortgage start?

Answer Subprime mortgages started in 1999. In the early 1990s, people were carefully scrutinized before getting a loan. The subprime mortgage crisis started in June 2007 when two Bear Stearns hedge funds ... Read More »

Top Q&A For: When did the subprime mortgage start

When did subprime loans first start?

Although use of the term "subprime" as an adjective to describe a loan dates from 1976, the first loans considered subprime in the contemporary sense--loans made on unfavorable terms to borrowers w... Read More »

How to Get Subprime Mortgage Assistance?

A conversation with a housing counselor should be your first step in seeking assistance for your subprime mortgage. Counselors approved by the U.S. Department of Housing and Urban Development (HUD)... Read More »

What is a subprime mortgage?

A subprime mortgage is defined not by the type of loan but by the type of borrower. Subprime borrowers are people who can't qualify for the conventional mortgages and lower interest rates available... Read More »

Subprime Mortgage Requirements?

Subprime mortgages are a way to help potential homeowners with less-than-perfect credit qualify for a mortgage and purchase a home. According to an April 2007 story, about 15 percent o... Read More »