Upside Down Mortgage

Subprime Housing Crisis

Question: what is mean by subprime loan write-off?

I read about a subprime crisis in US and resulted write-off by major home loan lenders. Does it mean customer needs not to pay the home loan taken by them and own the house without paying the rest of installment?

Answer: No! It means the banks are assuming they won't get paid in full - they are 'writing off' the investment as a total or partial loss.

U.S. Sub-Prime Mortgage Crisis

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