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Subprime Mortgage Lending: What's It All About? »

Posted by: janesmith001 2 months, 1 week ago

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There's a lot of talk in the media these days about subprime lending. Do you really know what it is? Essentially, subprime lending means loaning money at a rate of interest that is usually much higher than the "prime" rate. In the United States, the most frequently used prime rate is the one established by the Wall Street Journal (WSJ).