Subprime Bondholders May Lose $75 Billion From Slump

Subprime Bondholders May Lose $75 Billion From Slump

PropertyRadar | Foreclosure News
Bond investors who financed the U.S. housing boom are starting to pay the price for slumping home values and record delinquencies in subprime loans. They will lose as much as $75 billion on securities made up of millions of mortgages to people with poor credit, says Pacific Investment Management Co...



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