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. |
Moody's Investor Service Cuts Citigroup Subprime Deals Issued From 2007
Submitted by Premier Estate on Fri, 12/07/2007 - 19:34.Moody's has recently lowered the ratings of 52 tranches, and slated for review, the possibility of downgrading the ratings of 7 tranches from 10 transactions issued by Citigroup Mortgage Loan trust in 2007. Additionally, 5 downgraded tranches remain on review for possible further downgrade.
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