The first sub-prime loans was launched in 1993. Who was president?
subprime loans to the realization of demand in the market for loans to borrowers with high risk of developing imperfect credit. The first sub was launched in 1993. Many companies on the market if the interest rate was low and negative real interest could develop subprime prices modest. negative interest rates are hand-outs, the more you borrow the more you earn  Others with the relaxation of usury laws is entered. Traditional lenders have historically been more cautious and potential borrowers facing impaired or limited. Statistically, about 25% of the U.S. population falls into this category. [Edit] In 1998, the Federal Trade Commission estimates that 10% were provided by financing new cars in the U.S. subprime loans, and $ 125 000 000 000, $ 859 000 000 000 dollars were Subprime.Im total mortgage in the third quarter of 2007 sub-prime weapons accounted for only 6.8% of outstanding mortgages in the U.S., but they accounted for 43.0% of the seizures began. Subprime fixed-rate account for 6.3% of outstanding loans and 12.0% of seizures started during the same period.