MLchartDataset catalogue

Subprime mortgage

Term · Law · MLC-T-LAW-004735

A home loan extended to borrowers with poor credit scores, high debt-to-income ratios, or other characteristics indicating a higher risk of default. These mortgages typically feature higher interest rates and less favorable terms compared to prime mortgages. They were a major contributor to the housing market collapse in the mid-2000s.

Table 1. Record
IdentifierMLC-T-LAW-004735
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004735",
  "term": "Subprime mortgage",
  "field": "Law",
  "definition": "A home loan extended to borrowers with poor credit scores, high debt-to-income ratios, or other characteristics indicating a higher risk of default. These mortgages typically feature higher interest rates and less favorable terms compared to prime mortgages. They were a major contributor to the housing market collapse in the mid-2000s.",
  "url": "https://mlchart.com/terminology/law/subprime-mortgage/"
}

Record 4,834 of 5,445 in Law terminology (MLC-0107). Request the full dataset.