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  2. Subprime lending - Wikipedia

    en.wikipedia.org/wiki/Subprime_lending

    In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. [1] Historically, subprime borrowers were defined as having FICO scores below 600, although this threshold has varied ...

  3. Government policies and the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_policies_and...

    The FHLB provides loans to banks that are in turn backed by mortgages. Although they are one step removed from direct mortgage lending, some of the broader policy issues are similar between the FHLB and the other GSEs. According to Bloomberg, the FHLB is the largest U.S. borrower after the federal government. [157]

  4. Unfunded loan commitments - Wikipedia

    en.wikipedia.org/wiki/Unfunded_loan_commitments

    Multiple Advance, Closed End: This type of loan (typically a construction loan) advances incremental amounts up to a certain limit, based upon some criteria such as inspection and approval of a draw request. Any principal reductions received during the loan period are not available to be drawn on, but rather have paid down the loan balance.

  5. Subprime crisis impact timeline - Wikipedia

    en.wikipedia.org/wiki/Subprime_crisis_impact...

    The Federal Reserve fails to use its supervisory and regulatory authority over banks, mortgage underwriters and other lenders, who abandoned loan standards (employment history, income, down payments, credit rating, assets, property loan-to-value ratio and debt-servicing ability), emphasizing instead lender's ability to securitize and repackage ...

  6. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers ...

  7. When should you refinance your mortgage? - AOL

    www.aol.com/finance/when-to-refinance-mortgage...

    Reverse mortgage. A home equity conversion mortgage — or reverse mortgage — is designed for homeowners ages 62 or older. You borrow money from your home’s equity as a loan, but no monthly ...

  8. Breaking the law in California construction zones? Here are ...

    www.aol.com/breaking-law-california-construction...

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  9. List of writedowns due to subprime crisis - Wikipedia

    en.wikipedia.org/wiki/List_of_writedowns_due_to...

    Write-downs on the value of loans, MBS and CDOs due to the subprime mortgage crisis. Company Business Type Loss (Billion USD) References UBS: bank $37.7 bln [1] [2] [3]