Basically, MBS Mortgage-backed security created by Lewis Rainieri. That is the real estate loans were collected and turned into valuable papers to sell to investors on Wall Street. Sub-Prime loans to be understood that the loan with the lower credit ratings. These objects usually borrows who is poor: no job stability, low social status or payment history, credit is not good in the past. The reasons causing debts to no ability to pay and will be very difficult to access traditional credit sources which are only for objects on the standard. Thus, the Genus Prime is in the degree of credit risk is very high, but also very attractive interest rates. In America, the seat is made for products for mortgage loans, mortgage and car purchase, credit card. .. The object of the Sub-Prime lots of immigrants to the United States of America
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