Where did the subprime mortgage begin?

Answer Subprime loans started at Long Beach Mortgage, owned by Washington Mutual. Long Beach Mortgage stopped scrutinizing borrowers and started granting mortgages to almost anyone. Long Beach Mortgage bu... Read More »

Top Q&A For: Where did the subprime mortgage begin

What is subprime mortgage?

A subprime mortgage is a mortgage loan that is made to individuals who have poor credit and who cannot qualify for a conventional mortgage.High RiskA subprime mortgage is offered to borrowers who a... 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 »

When did the subprime mortgage start?

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 »

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 »