Subprime Loans: Turning the American Dream into a Nightmare

Authors

Baldy Martinez

First Page

514

Document Type

Article

Abstract

This Comment will first illustrate how the prime and subprime industry works by addressing various subtopics such as: (1) the characteristics of subprime borrowers; (2) the qualification process; (3) the different loan products available; and (4) how consumers are trapped by subprime loans. Second, it will discuss the current federal and state legislation governing the lending industry, and inquire into proposed lending regulations. Third, it will analyze the current financial crisis, along with its causes and consequences. Fourth, it will provide both a short-term and long-term solution to the current financial crisis.

Recommended Citation

Baldy Martinez, Subprime Loans: Turning the American Dream into a Nightmare, 21 St. Thomas L. Rev. 514 (2009).
Available at: https://scholarship.stu.edu/stlr/vol21/iss3/8