Tag Archives: prime rate

Canadians Paying More For Mortgages

Report: The latest victims of the growing financial crisis could be the standard discount available to consumers on variable mortgages, and home equity loans at prime. In a move expected to be followed by other banks, all of which have … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Canadians Paying More For Mortgages

What Is Subprime Lending?

From wikipedia: In general, subprime lending (also known as B-paper, near-prime, or second chance lending) is lending at a higher rate than the prime rate. However, in US mortgage lending specifically, the term "subprime" simply refers to loans that do … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on What Is Subprime Lending?

What Is Subprime Lending?

Wikipedia’s entry says that subprime lending is also known as second chance lending, near-prime and B-paper. It means lending at a higher interest rate than the prime rate. Only prime borrowers — those with the best credit scores — get … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , , , , | Comments Off on What Is Subprime Lending?

President Bush Gives More Help For Those Struggling With Their Mortgages

Here’s the press release: RISMEDIA, April 14, 2008-The Bush Administration announced additional mortgage assistance for subprime borrowers who are at risk of foreclosure. The plan, which is designed to help address the adverse economic conditions affecting many communities across America, … Continue reading

Posted in Articles | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on President Bush Gives More Help For Those Struggling With Their Mortgages

What Is Subprime Lending?

I don’t remember the term until the market went south six months ago. Since then, I hear people using the term "subprime" all the time. What’s up? I cruised over to wikipedia and found this: Subprime lending (also known as … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on What Is Subprime Lending?