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Subprime Debt
March 29 (Bloomberg) — Subprime-mortgage securities are rising at an accelerating pace as the U.S. begins to encourage reductions to homeowners' balances, which may lead to fewer foreclosures and a quicker end to the housing slump.
A Markit ABX index of credit-default swaps tied to 20 subprime-loan bonds rated AAA when created in the first half of 2006 climbed 3.2 percent last week to 49.1, the highest since January 2009, according to Markit Group Ltd.
March 29 (Bloomberg) — Subprime-mortgage securities are rising at an accelerating pace as the U.S. begins to encourage reductions to homeowners' balances, which may lead to fewer foreclosures and a quicker end to the housing slump. A Markit ABX index of credit-default swaps tied to 20 subprime-loan bonds rated AAA when created in the first half [...]
Subprime Debt Rises as U.S. Enhances Loan Aid, Credit Markets
Subprime Debt Rises as U.S. Enhances Loan Aid, Credit Markets
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