Home Mortgage Losses on The Rise

LONDON (Reuters) – Losses are rising in Britain’s residential mortgage market and pushing “non-conforming” mortgage-backed securities into a downward slide that is likely to get worse, Moody’s Investors Service said on Wednesday.

“Non-conforming” is the classification used in Britain for higher-risk mortgages, encompassing subprime borrowers with poor credit histories and others who do not fit prime lending criteria for various reasons.

Read more from the NY Times

Related News

  • No Related Post

Leave a comment

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News