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 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 »

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 »

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 »

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 »