Metrics & KPIs% of total value of subprime mortgages
Definition
Percentage of total value of subprime mortgages relative to total value of all mortgages. Subprime lending is a general term that refers to the practice of making loans to borrowers who do not qualify for market interest rates because of problems with their credit history or the ability to prove that they have enough income to support the monthly payment on the loan for which they are applying.
Tags
problem, loan, interest, payment, income, support