News Release Details
Subprime Lending
New Delhi 05-Sep-2007
The recent subprime lending crisis has spread like a wildfire. From subprime market in USA, today it has spread to the global treasury, debt and equity markets. By the end of 2006, out of the US $3 trillion mortgage market, subprime mortgage market was US $600 billion. Around US $180 billion worth of repriced subprime loans are expected to hit the market this year. The figure is expected to go up to US $400 billion next year. For the complete snapshot, please <a href =/downloads/EconomyMirror/SubprimeLending_3rdSep2007.doc class=normallink target=_blank>click here
New Delhi 05-Sep-2007
The recent subprime lending crisis has spread like a wildfire. From subprime market in USA, today it has spread to the global treasury, debt and equity markets. By the end of 2006, out of the US $3 trillion mortgage market, subprime mortgage market was US $600 billion. Around US $180 billion worth of repriced subprime loans are expected to hit the market this year. The figure is expected to go up to US $400 billion next year. For the complete snapshot, please <a href =/downloads/EconomyMirror/SubprimeLending_3rdSep2007.doc class=normallink target=_blank>click here