Who suffers the most from the subprime mortgage foreclosure?

Answer On One Hand: The HomeownerIn the event of a foreclosure, the homeowner who lost his home suffers the most. Not only is he now without a place to live, but his credit score is greatly reduced, makin... Read More »

Top Q&A For: Who suffers the most from the subprime mortgage...

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 »

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 are Subprime Mortgage Rates?

A subprime mortgage rate is an interest rate given to a borrower with a low credit score, usually below 620. The interest rate charged is higher than that of a borrower with a high credit score.Sig... Read More »

Subprime Mortgage Policy?

A subprime loan is a loan that is higher risk for the bank and therefore has a higher interest rate to compensate for this risk. As of 2010, subprime loans make up around a quarter of all the loans... Read More »