Market News
| What is subprime lending? Subprime lending, near-prime, second chance, or B-paper lending is the practice of lending money borrowers who do not necessarily qualify for the best market interest rates because of credit issues of variant sorts. The meaning of subprime itself is a phrase that also refers to paper taken on a property that cannot be sold on the primary market. These papers include loans on certain types of investment properties, self-employed individuals, car loans, and credit cards. The processes of subprime lending is risky for both the borrowers and the lendors because of the dirrect coorlation of bowers, hight interest rates, and poor credit history. Consumers who do not qualify for A-Paper loans are issued loans and mortgages at a higher interest rate. Premier Estate is dedicated to delivering you the latest information on the subprime market as new information becomes available. |
Subprime briefing: China Concerned Subprime Market, Supports Strong US Dollar.
Submitted by Premier Estate on Fri, 12/07/2007 - 20:18.An unidentified China's Ministry of Finance (MOF) official recently stated Beijing is "concerned" about the global fallout from the US subprime problems. This person also stated that China still believes in a strong US Dollar and that stable international currencies were needed in order to sustain global financial health.
President Bush on Subprime plan to help as many as 1.2 million subprime borrowers
Submitted by Premier Estate on Fri, 12/07/2007 - 19:46.President Bush announced a plan to help slow down the foreclosure rate of an estimated 1.2 million borrowers who are at risk of foreclosure when their introductory interest rate period ends and the rates are bumped up to a higher rate (2010). Borrowers will have the following options with this plan.
Option 1.)Refinance their mortgage
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