Default Risk

Some articles on default, risk:

Subprime Mortgage Crisis - Causes - Securitization Practices
... originating a loan to the borrower/homeowner and retaining the credit (default) risk ... sell bonds to investors, and guarantee those bonds against default on the underlying mortgages ... mortgages and generally did not guarantee the bonds against default of the underlying mortgages ...

Famous quotes containing the words risk and/or default:

    When a man leaves his mistress, he runs the risk of being betrayed two or three times daily.
    Stendhal [Marie Henri Beyle] (1783–1842)

    In default of inexhaustible happiness, eternal suffering would at least give us a destiny. But we do not even have that consolation, and our worst agonies come to an end one day.
    Albert Camus (1913–1960)