"Subprime mortgages" refers to loans given to people with low credit scores or who may have trouble repaying them. These loans come with higher interest rates and are considered riskier for lenders. Full definition
What is this so - called subprime mortgage crisis I keep hearing about on TV? (homebuyinginstitute.com)
At the peak of the housing bubble ten years ago, there was about $ 1.3 trillion worth of subprime mortgages in the financial system. (sovereignman.com)
These days, nearly everyone speaks poorly of subprime mortgage loans. (homebuyinginstitute.com)