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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3214 |
Essay's paper body
Subprime fixed mortgages represented 6.3% of outstanding loans and 12.0% of the foreclosures started in the same period.[4]
The American Dialect Society designated the word "subprime" as the 2007 Word of the year on January 04, 2008. [5]
[edit] Definition
Fannie Mae has lending guidelines for what it considers to be "prime" borrowers on conforming mortgage loans - those loans they will buy or securitize into the credit market...
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[5]
[edit] Definition
Fannie Mae has lending guidelines for what it considers to be "prime" borrowers on conforming mortgage loans - those loans they will buy or securitize into the credit market. Their standard provides a good comparison between those who are eligible for prime vs. subprime loans...
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