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As Economy Slows, 'Subprime' Lending Looks Even Riskier.

Authors :
Mollenkamp, Carrick
Beckett, Paul
Sapsford, Jathon
Hechinger, John
Barta, Patrick
Source :
Wall Street Journal - Eastern Edition. 8/16/2001, Vol. 238 Issue 33, pA1. 0p. 2 Graphs.
Publication Year :
2001

Abstract

Reports on 'subprime' lending in the United States and its effect on lending institutions. Bank of America's withdrawal from subprime lending after taking a $1.25 billion charge; Increase in delinquencies and foreclosures; Rapid increase in subprime debt.

Details

Language :
English
ISSN :
00999660
Volume :
238
Issue :
33
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
5011600