This paper analyzes a recent economical phenomena that is occuring to minorities and low-income Americans. Subprime mortgage loans have caused many eager homeowners to borrow money from risky lenders. Little do these borrowers know, the lenders have manipulated their lending deals to cause borrowers to pay high interest rates. Certain groups have been targeted by subprime mortgage loan practices, I expand on these practices as well. I also tie in the global economy and how global investors are investing in subprime mortgage loans. Global investors are also being effected by borrowers not having the funds to pay their mortgage loans. There are many players in this recent phenomena, and I examine who they are, how they are effected, and how the local, national, and international community suffers.