Subprime mortgages
Home loans made to borrowers with poor credit ratings, often bundled together and sold to investors. During the 2007-2009 financial crisis, many subprime borrowers defaulted on their loans.
Home loans made to borrowers with poor credit ratings, often bundled together and sold to investors. During the 2007-2009 financial crisis, many subprime borrowers defaulted on their loans.
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