Sunday, September 2, 2007

India real estate market and U.S. Subprime crisis - 8

What is subprime lending and is there something inherently wrong about it?

The broad definition of subprime loans are loans that are made to borrowers that have less-than-perfect credit. These are people that perhaps have a high level of debt already, have a habit of missing payments on other loans, and perhaps even have defaults or bankruptcy in their past.........The Average Joe Investor - Blogging Stocks and Investing

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