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  2. Government policies and the subprime mortgage crisis

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

    One study, by a legal firm which counsels financial services entities on Community Reinvestment Act compliance, found that CRA-covered institutions were less likely to make subprime loans (only 20–25% of all subprime loans), and when they did the interest rates were lower. The banks were half as likely to resell the loans to other parties. [114]

  3. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    Subprime loans have a higher risk of default than loans to prime borrowers. [108] If a borrower is delinquent in making timely mortgage payments to the loan servicer (a bank or other financial firm), the lender may take possession of the property, in a process called foreclosure .

  4. Fair value accounting and the subprime mortgage crisis

    en.wikipedia.org/wiki/Fair_value_accounting_and...

    In 2006, the Financial Accounting Standards Board (FASB) implemented SFAS 157 in order to expand disclosures about fair value measurements in financial statements. [3] Fair-value accounting or "Mark-to-Market" is defined by FAS 157 as "a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date".

  5. Subprime lending - Wikipedia

    en.wikipedia.org/wiki/Subprime_lending

    This is even more apparent when the lifetime cost of the loan is considered (though most people will want to refinance their loans periodically). The total cost of the above loan at 5.5% is approximately $1,018,891.24 , while the higher rate of 9.5% would incur a lifetime cost of approximately $1,366,390.93 .

  6. Subprime mortgage crisis solutions debate - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis...

    The debate concerns both immediate responses to the ongoing subprime mortgage crisis, as well as long-term reforms to the global financial system.During 2008–2009, solutions focused on support for ailing financial institutions and economies.

  7. What is a subprime mortgage? - AOL

    www.aol.com/finance/subprime-mortgage-175324178.html

    Expensive: Compared to conventional loans, subprime mortgages have considerably higher interest rates, which increases your all-in costs. You’ll likely need to come up with a hefty down payment ...

  8. Subprime Auto Loans: What They Are and the Risks Involved

    www.aol.com/subprime-auto-loans-risks-involved...

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  9. Government intervention during the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_intervention...

    The government interventions during the subprime mortgage crisis were a response to the 2007–2009 subprime mortgage crisis and resulted in a variety of government bailouts that were implemented to stabilize the financial system during late 2007 and early 2008.