Citi: Subprime Loans Vulnerable to Flood Loss


Citigroup Global Markets said in a report today that approximately 48,500 loans with about $16.3 billion of unpaid principal balance in flood-affected areas may not have the right insurance coverage, making them vulnerable to losses.

The full article is available to Asset Securitization Report's subscribers only

Free Trial
For immediate access, sign-up for a risk-free trial.

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.