What Is a Sub Prime Mortgage?

The sub prime mortgage market is an incredibly risky, predatory and irresponsible market practice that depends upon people who are some of the most vulnerable folks out there. Sub prime lending involves giving loans to high risk individuals. And typically you par this with really high interest rates and other restrictions in order to mi ate the risk You incur when you give a loan out to one of these people who have a very low credit score. The whole thing was leading to a global economic collapse, with the financial industry on the brink of total disaster. That put all of general electric at risk.