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... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > business fraud and crimes > liar loans
... > social science subjects > criminology and criminal justice > criminology > white-collar and corporate crime > financial and securities fraud > liar loans

Preferred term

liar loans  

Definition

  • The term liar loans was applied by mortgage industry insiders and picked up by the public press as a nickname for a class of subprime mortgages known officially as Alt-A, especially during the housing bubble of the early 2000s. These mortgages are also called “stated-income mortgages,” and borrowers can apply for such a loan with full income documentation, with lower standards for income documentation (low-doc), or with no income documentation required (no-doc). [Source: Encyclopedia of White-Collar and Corporate Crime; Liar Loans]

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URI

http://data.loterre.fr/ark:/67375/N9J-PGGJFRD3-J

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