Research Paper 8 – 3 Page minimmu
Subprime lending involves loaning money to people who purchase a house, but would not quality for a conventional mortgage usually due to poor credit. Using your textbook, and the Internet, research subprime mortgages, and discuss the pros and cons of this type of lending in a three page APA formatted paper. Include at least five outside resources. Make sure to discuss the lenders, borrowers, and the government’s responsibility in these types of mortgages.