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Expand? | Letters | Answer | Clue | |||||
99% | 8 | SUBPRIME | Exact Match! | |||||
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35% | 5 | Investor in mortgage loans and mortgage-related securities | ||||||
noun • a corporation authorized by Congress to provide a secondary market for residential mortgages | ||||||||
35% | 10 | Transforming mortgage loans into mortgage-backed securities | ||||||
verb • To convert assets (typically outstanding loans or other receivables) to securities, usually by selling them with a discount to a financial intermediary, which pools them with other similar assets and sells further as securities to third-party investors. | ||||||||
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Clue Last Found In...
Source | #Number | Answer |
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New York Times29 Apr 2011 | Across 57 | SUBPRIME |
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