Subprime lending involves loaning money to people who purchase a house, but would not quality for a conventional mortgage usually due to poor credit. Using your textbook, the Online Library, and the Internet, research subprime mortgages, and discuss the pros and cons of this type of lending in a two to three page APA formatted paper. Include at least three outside resources. Make sure to discuss the lenders, borrowers, and the government’s responsibility in these types of mortgages.
It is requires that students use the APA style for papers and projects. Therefore, the APA rules for formatting, quoting, paraphrasing, citing, and listing of sources are to be followed.