Financial Times FT.com

Subprime fall-out

Concerns spread beyond mortgages

By Daniel Pimlott, Krishna Guha and Joanna Chung

Published: April 22 2008 23:52 | Last updated: April 22 2008 23:52

Risky loans made to borrowers with poor credit at the height of a housing boom may have helped to kick off the credit crisis, but residential mortgages were not the only type of lending where standards fell.

While residential property experienced the most dramatic deterioration in the quality of loans issued, contributing to a sharp rise in defaults rates on mortgage repayments, attention is increasingly turning to other kinds of loans as the economic slowdown puts borrowers under greater stress.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this