Other sources of household debt.Source: FRBNY Consumer Credit Panel/Equifax.

Other sources of household debt.Source: FRBNY Consumer Credit Panel/Equifax. While mortgages are given by finance institutions, they’ve been increasingly bundled into securities packages and in love with to investors that are institutional. They are called “Mortgage-Backed Securities” (MBS). Mortgages built to borrowers with woeful credit are known as subprime. One group of home loan happens […]

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