The private
subprime market depended on the substantial liberalization of underwriting requirements that arose out of the housing bubble during 2000 - 2007.
Not exact matches
I mean, it
depends on what you define
subprime as, but apparently, there's a lot of opportunities in that underserved
market.
In a similar vein, the FHA
subprime market today
depends on FHA's very liberal underwriting requirements.
The fee usually varies from 0.5 % (half a point) to 2 % (two points) of the loan amount,
depending whether the loan was originated in the prime or the
subprime market.