The Collapse of the Subprime Market

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Title: The Collapse of the Subprime Market
Essay Details
Subject: Business
Date: June 1, 2005
Length: 11 / 3271
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Essay text:

While the development of the subprime market has made homeownership available to those that otherwise would not qualify, borrowers that may qualify for prime loans are often steered into subprime loans. This type of behavior can sometimes lead to unscrupulous lending practices...
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This type of behavior can sometimes lead to unscrupulous lending practices. For many years, the mortgage industry classified borrowers as either “A” paper or “B” paper. This classification actually did separate lending into credit challenged or not. Prime lending was more reserved for banking which provided short term, revolving construction or equity loans...
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Common topics in this essay:
Crisis Subprime   Subprime Crisis   Subprime Crisis   Subprime Lending   Subprime Mortgage Industry Collapse   Subprime Mortgage   Subprime mortgage   subprime lending   subprime mortgaging   subprime paper   The Collapse of the Subprime Market   The Subprime Meltdown   Subprime   Subprime crisis   Subprime Meltdown  
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