| Housing Policy in the New Millennium, Proceedings: Stark Differences: Explosion of the Subprime Industry and Racial Hypersegmentation in Home Equity L Contributor(s): U. S. Dept of Housing and Urban Developm (Created by), Immergluck, Daniel (Author) |
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ISBN: 1288919263 ISBN-13: 9781288919260 Publisher: Bibliogov OUR PRICE: $14.01 Product Type: Paperback - Other Formats Published: March 2013 |
| Additional Information |
| BISAC Categories: - Political Science |
| Physical Information: 0.05" H x 7.44" W x 9.69" (0.14 lbs) 24 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: In recent years there has been a large increase in the number of mortgage loans made by lenders specializing in lending to borrowers with imperfect credit histories, especially in the home equity loan market.1 Most "subprime" lenders are mortgage or finance companies, but they can also be thrifts or even banks. Some of the largest subprime lenders are affiliates of banks. Subprime firms typically charge borrowers higher fees and interest rates than "prime" lenders, which include most banks and thrifts as well as many mortgage companies. |
