TITLE

Subprime lenders become prime targets

AUTHOR(S)
Quinn, Matthew
PUB. DATE
February 2007
SOURCE
Crain's New York Business;2/26/2007, Vol. 23 Issue 9, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the growing number of financial institutions involved with subprime lenders. More and more mortgage companies are giving loans to risky borrowers. Several investment banks, including Barclays Bank PLC, Merrill Lynch & Co. Inc. and Morgan Stanley & Co. Inc., have made deals to acquire subprime lenders, whose industry has slumped badly because of a spike in loan defaults.
ACCESSION #
24351698

 

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