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2. American Freedom Mortgage - Wikipedia

   en.wikipedia.org/wiki/American_Freedom_Mortgage

   American Freedom Mortgage, Inc. (AFM) was a private S Corporation incorporated on February 2, 2001, according to the Georgia Secretary of State, and headquartered in Marietta, Georgia. AFM conducted business as a multi-state direct-to- consumer correspondent lender and mortgage broker specializing in the origination of subprime and Alt-A ...

3. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. The crisis led to a severe economic recession, with millions losing their jobs and many businesses going bankrupt.

4. What is a subprime mortgage? - AOL

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

   Depending on what that review reveals, ... With a prime mortgage (a conventional loan), the down payment requirements can be relatively small, too — as low as 3 percent or 5 percent of the home ...

5. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   Subprime I was smaller in size — in the mid-1990s $30 billion of mortgages constituted "a big year" for subprime lending, by 2005 there were $625 billion in subprime mortgage loans, $507 billion of which were in mortgage backed securities — and was essentially "really high rates for borrowers with bad credit".

6. Government policies and the subprime mortgage crisis

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

   Subprime lending … refers to entirely appropriate and legal lending to borrowers who do not qualify for prime rates…." [ 141 ] Mr. Gramlich also cited the importance of subprime lending to the government's afforable housing efforts: " Much of this increased [affordable housing] lending can be attributed to the development of the subprime ...

7. Subprime crisis impact timeline - Wikipedia

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

   January 3: Ownit Mortgage Solutions Inc. files for Chapter 11; it owed Merrill Lynch around $93 million. [88] January 29: American Freedom Mortgage, Inc. files for Chapter 7 protection. February 5: Mortgage Lenders Network USA Inc., the country's 15th largest subprime lender with $3.3 billion in loans funded in third quarter 2006, files for ...