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Explanation: A type of home loan extended to individuals with poor, incomplete, or nonexistent credit histories. Because the borrowers in that case present a higher risk for lenders, subprime mortgages typically charge higher interest rates than standard (prime) mortgages. The most common type of subprime mortgage contract offered in the United States is the adjustable rate mortgage (ARM), which charges a fixed interest rate for an initial period and a floating interest rate thereafter. The floating rate may be based on an index such as the federal funds rate , which is the rate at which banks lend money to each other overnight. The sharp increase in subprime lending that occurred in the United States beginning in the late 1990s was primarily fueled by subprime mortgages. According to the Federal Reserve , the share of subprime mortgages among all home loans in the country increased from about 2.5 percent per year in the late 1990s to about 15 percent per year in 2004–07. One reason for the increase was aggressive marketing by mortgage brokers, who were paid commissions on the basis of the quantity, not the quality, of the loan contracts they sold.
Pegging and pod formation stage has occurred in which among the following crop:
Which of the following is an example of a non ‐ edible oilcake is NOT suitable for feeding cattle?
Indian agriculture has been the source of supply of raw material to leading industries. Which of the following industry is directly depend on agricultur...
The head office of FSSAI is situated in:
Water which is held by forces of surface tension as continuous film around soil particles and is available to plants is known as
GnRH released from which organ?
The ________ of an input in the production process is the additional output that is generated by using one more unit of that input, while keeping all...
Rodents are also known as
How do plants establish a pressure gradient to facilitate water movement in the soil?
Registration-cum-Allocation Certificates (RCAC) is issued by APEDA for the export of ____