Subprime mortgages refer to the mortgages issued

Question

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Subprime mortgages are issued to borrowers with low incomes and poor credit histories, which makes them more risky for lenders. These borrowers may have a history of late payments, defaults, or bankruptcies, which could make it difficult for them to qualify for a traditional mortgage. Subprime mortgages typically have higher interest rates and fees than prime mortgages, which reflects the higher risk to the lender.

Subprime Mortgages Refer to the Mortgages Issued