Final answer:
A mortgage lender providing loans to borrowers without sufficient income or a down payment is said to provide a subprime mortgage.
Step-by-step explanation:
When a mortgage lender provides loans to borrowers without sufficient income or a down payment, the lender is said to provide a subprime mortgage.
Subprime mortgages are offered to borrowers with lower credit ratings and feature higher interest rates, often adjustable, to compensate for the increased risk of default.
These loans are riskier for the lender compared to conventional mortgages.