(Reuters) - Turmoil in the U.S. subprime market, which caters to
borrowers with poor credit histories and represents around a
fifth of total U.S. annual mortgage lending, has haunted
investors intermittently since early this year.
The latest jitters started after the benchmark ABX subprime
mortgage index, used by investors to hedge subprime mortgage
risks, hit record lows on Monday.
Read more at Reuters.com Economic News
borrowers with poor credit histories and represents around a
fifth of total U.S. annual mortgage lending, has haunted
investors intermittently since early this year.
The latest jitters started after the benchmark ABX subprime
mortgage index, used by investors to hedge subprime mortgage
risks, hit record lows on Monday.
Read more at Reuters.com Economic News
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