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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.
How is R related to P?
N, O, Q, R, S and T are seven members in a family. N is married to Q, who has two children, O and R. T is the only son of S, who is sister- in- law of R...
Prashant Arora has three children - Sangeeta, Vimal and Ashish. Ashish married Monika, the eldest daughter of Mr. and Mrs. Roy. The Roys married their y...
If R has only one child and there are four male members in the family then how is the child of R related to Y?
Y is the daughter of H, who is married to Z. W is the son of Z, who is the father of V. V is not a female. How many girl child does H have?
How is O related to A?
How N related to M?
Statement: P ≥ Q ≥ R = S > T, U > V = W ≤ R
Conclusion: I. R ≥ U II. U > S
...R's brother T, is the grandfather of V's son. How is T related to V if V has no siblings?
How D is related to E?