Mortgages that do not meet certain credit criteria and have a high probability of default are know as ________ mortgages.

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Subprime mortgages are loans given to borrowers who have poor credit histories and are therefore considered to be at a higher risk of defaulting on the loan. These mortgages often have higher interest rates and less favorable terms than traditional mortgages.

Mortgages That Do Not Meet Certain Credit Criteria and Have