US mortgage firm gets $2bn boost

Story date: 2007-08-23 02:22:00
Added on: 2007-08-23 17:50:24

BBC Business - The sub-prime sector covers loans made to people with poor credit histories or who may be on low incomes. The market has seen rise in the number of defaults on loans as rising US mortgage rates have made it harder for homeowners to meet their debts


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