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United States (323,621)
Boston College (3,565)
Marketing (23)
MKTG 1021 (18)
Lecture

Subprime loans.docx

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Department
Marketing
Course
MKTG 1021
Professor
Bridget Akinc
Semester
Spring

Description
Subprime loans 01/28/2014 Subprime Loans Credit score below industry average Higher interest rate Who is targeted for this kind of loan Minorities Uneducated  Low income Immigrants Students/young people ARM Adjustable rate mortgage You start paying a percentage but every few years your rate is subject to change 1­3 ▯ in three years % changes, starts out lowest percentage 1­5 1­7 People Mortgage brokers (lenders) ▯
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