What does subprime mean?
Close Bankruptcy Loophole for Mortgage Companies: Obama and Biden will work to eliminate the provision that prevents bankruptcy courts from modifying an individual’s mortgage payments. They believe that the SUBPRIME mortgage industry, which has engaged in dangerous and sometimes unscrupulous business practices, should not be shielded by outdated federal law.
i capitalized it so u guys could find it. imdoing research for a debate in english class and i was reading and my word document says that "subprime" is wrong and so does yahoo answers. so i wondered what an alternative word wold be so that i know what its talking about and i will understand better.
thanks in advance.
*an please, no opinions on the election. i just want to know the meaning of the word. =]
OHH. so its like less than prime? like secondary?
thanks!
"prime" interest rates are applied to loans for people with a credit rating of 650 or better.
"sub prime" is for loans of higher interest rates generally given to those who have a less then perfect credit score. Just because a person has to make a loan at subprime rates does not make them bad, evil, corrupt or someone to avoid. Those who think this that may be considered narrow minded and and prone to sterotyping.
May 10th, 2010 at 4:38 amLending to people with bad credit.
May 10th, 2010 at 4:38 amThis is the best question.
Sub-prime mean STAY AWAY.
Sub-prime mean CORRUPT.
Sub-prime mean BETTER LUCK NEXT TIME
Sub-prime mean A SUCKER’S BORN EVERY MINUTE.
Sub-prime mean CLEAN UP YOUR ACT.
Hope this helps
Happy Hunting
May 10th, 2010 at 4:38 am