The ChicagoMade Shorts Series is a celebration of the robust local independent film community and a showcase of entertaining work produced by talented Chicago-based artists. Submission is now open for original, entertaining short films a maximum of 8 minutes in length created by Chicago-based filmmakers.
What is a Subprime Loan? A subprime mortgage is a type of loan offered to borrowers with poor credit scores. Typically these are individuals with credit scores lower than a 600 and cannot qualify for a conventional loan. This may also include borrowers with derogatory or adverse credit histories.
CRA and Subprime Mortgages. Don't be scared off by the idea of a CRA mortgage, or worry that it carries some kind of stigma. While some critics blame CRA mortgages for causing the housing crisis that began in 2007, this might not accurate.