Subprime loans ▣During the 1990s,one of the hottest growth areas was subprime lending. Subprime loans are higher-risk loans labeled labeled“B,”“C,”and“D'" credits They have been especially popular in auto,home equity,and mortgage lending. 的资5土号
Subprime loans Subprime loans During the 1990s, one of the hottest growth areas was subprime lending. Subprime loans are higher-risk loans labeled labeled “B,” “C, ” and “ D ” credits They have been especially popular in auto, home equity, and mortgage lending
What are subprime loans? Although no precise definitions exist,"B," “C,”and"D”credits exhibit increasingly greater risk and must be priced consistently higher than prime-grade loans. B:typically scores 600+under the Fair Isaac system;has some 90-day past dues but is now current. ▣( C:typically scores between 500 and 600 and has had write-offs and judgments. D:typically scores between 440 and 500 麓行贺影≠考
What are What are subprime subprime loans? Although no precise definitions exist, “B,” “C,” and “D” credits exhibit increasingly greater risk and must be priced consistently higher than prime-grade loans. B: typically scores 600+ under the Fair Isaac system; has some 90-day past dues but is now current. C: typically scores between 500 and 600 and has had write-offs and judgments. D: typically scores between 440 and 500