No Docs Mortgage
No Docs" />Subprime was voted the word of the year by the American Dialect Society in recognition of the mortgage scandal and crisis that has for months enveloped housing and real estate around the country. But that umbrella term, describing cheap often suspiciously cheap mortgages, encompasses a whole glossary of often colorful expressions that could be described as sub subprime. They reflect the deceit, cynicism and scandalous exploitation that are taking the homes of many thousands, perhaps millions, of families.
Some other words, words that betoken possible rescue and relief, are also finally entering the vocabulary. Meanwhile, people everywhere a widow in the Bronx who needs money for a new roof or a young couple in San Diego looking for their first home confront an array of bewildering, often deceptive practices described by sub subprime words like the following.
