Sunday, May 27th, 2012

Dept. of Bad News

By
Friday, April 23, 2010 at 12:08 pm

Citigroup is selling new mortgage-backed securities for the first time in two years.

The company expects the mortgages to be rated AAA. But, BusinessWeek notes, “$67.3 million of the loans were to self-employed borrowers and $66.3 million didn’t require borrowers to document two years of their incomes and assets.”

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Categories & Tags: Economy/Finance| | | |

Comments

3 Comments

strangely_enough
Comment posted April 23, 2010 @ 4:22 pm

What's the worst that could happen?

Rocco
Comment posted April 23, 2010 @ 5:49 pm

I don't see the bad news here. Do you understand how housing finance works?

Surviving the tough times in the Rental Business by Tyronne Jacques | Rebuilder Cars
Pingback posted April 25, 2010 @ 3:32 am

[...] Dept. &#959f B&#1072&#1281 News « T&#1211&#1077 Washington Independent [...]

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