sˈʌbpɹaɪm lˈɛndɪŋ ænd kɹiːˈeɪɾɪv lˈoʊnz sˈʌtʃ ɐz ðə “pˈɪk ɐ pˈeɪmənt”, “pˈeɪ ˈɑːpʃən”, ænd “hˈaɪbɹɪd” lˈoʊnz bɹˈɔːt ˌɔn ɐ nˈuː ˈiəɹə ʌv mˈɔːɹɡɪdʒ kˌælkjʊlˈeɪʃənz.
Subprime lending and creative loans such as the “pick a payment”, “pay option”, and “hybrid” loans brought on a new era of mortgage calculations.