By 2005, many lenders dropped the required FICO score to 620, making it much easier to qualify for prime loans and making subprime lending a riskier business. (en.wikipedia.org)
Interest rate equal to the federal reserve weekly average prime loan rate for the calendar week preceding the judgment, except the rate shall not exceed 10 percent. (ncsl.org)
In years past, mid six figure home prices, higher rates, and a variety of sub prime loan products led many homebuyers straight into the nightmare of foreclosure. (fhaloanpros.com)