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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2530 |
Essay's paper body
Subprime borrowers have a heightened perceived risk of default, such as those who have a history of loan delinquency or default, those with a recorded bankruptcy, or those with limited debt experience.
= people who are not able to pay back UK & US (100% mortgage + dept of the US) (95% of the people in the UK and the US take unfixed rates, they raised up till 27% and no-one was able to pay their mortgage back...
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Subprime borrowers have a heightened perceived risk of default, such as those who have a history of loan delinquency or default, those with a recorded bankruptcy, or those with limited debt experience.
= people who are not able to pay back UK & US (100% mortgage + dept of the US) (95% of the people in the UK and the US take unfixed rates, they raised up till 27% and no-one was able to pay their mortgage back...
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