Subprime lending is lending to homebuyers who don't meet the usual criteria for qualifying for a loan.

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Subprime lending is specifically targeted towards borrowers who have a low credit score, a high debt-to-income ratio, or a history of missed payments. These individuals are considered to be at a higher risk of defaulting on their loans, and as a result, they may be required to pay higher interest rates or fees in order to obtain financing.

Subprime Lending Is Lending to Homebuyers Who Don't Meet the Usual