固定6b抵押贷款传递.pdfVIP

1 2 Sectors of the Residential Mortgage Backed Security Market Sectors based on the credit quality of the borrower: ❑ Prime sector : loans that satisfy the underwriting standard of Ginnie Mae, Fannie Mae, and Freddie Mac (i.e., conforming loans) ❑ Subprime sector : loans provided to borrowers with an impaired credit rating or where the loan is a second lien (i.e., nonconfo