Not exact matches
Subprime consumers are
often targeted by predatory lenders looking to capitalize on their weakened financial state.
That trend could be partially attributable to slowing
subprime loan demand, since
consumer with marred credit histories
often have to apply for multiple loans before getting approved.
For a typical
consumer, that shift can translate to their monthly payment more than tripling, a particular burden for the
subprime borrowers that
often took out these loans.
First, the market experienced a steady deterioration of credit standards in mortgage lending, particularly evidenced by the growth of
subprime and Alt - A loans, which
consumers were
often unable or unwilling to repay.