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Subprime Lending

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S&P: U.S. Subprime Market Correction Continues 

Mar 07, 2007By

The appetite for U.S. subprime loans from the secondary market has exceeded demand in recent quarters, encouraging an erosion in underwriting standards, Standard & Poor’s Ratings Services said in a recent report. The report, U.S. Subprime Market Continues Correction As Issuers Strengthen Underwriting Standards, notes that early payment defaults and increased early delinquencies in the 2006 vintage have been key factors in evaluating current subprime performance.

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