MOST SHARED
- Top 20 European Stocks for Crisis Time: Strategist
- Scots' Push for Britain Break-Up Begins in Earnest
- Why Are Greek and Italian Politicians So Bad?
- Both Campaigns Seize on Romney’s Years at Bain
- As Euro Meeting Fizzles Out, 2 Leaders Head Home to Tend Political Gardens
- Now Is the Time to Buy Chinese Stocks: Goldman Sachs
- Bargain Hunters and Aid Hopes Lift Europe Shares
- Australia Approves Migrant Workers for Mining Projects
- Beware Hidden Costs as Banks Eye ‘Grexit’
- Big European Funds Dump Euro Assets
- Top 20 European Stocks for Crisis Time: Strategist
- Big European Funds Confirm Dumping Euro Assets
- Is 'Equity Cult' Dead? Stocks Most Unloved in 50 Years
- Scots' Push for Britain Break-Up Begins in Earnest
- Both Campaigns Seize on Romney’s Years at Bain
- Markets May End Week Quietly, With Wary Eye on Europe
- Heard in More US States: See You in Tax Court!
- Bankia Shares Suspended Ahead of Rescue Details
- Ukraine Lawmakers Get Into Huge Rumble — Again
- Curt Schilling's Video Game Company Goes Bust
- Time for Flash Sales to Adapt or Die
- What Flash Sites Are Suggesting About Consumers
- Hewlett-Packard Faces a ‘Dogfight’ for Talent: Analyst
- Laouchez: Leadership in Financial Services — Missing in Action?
- DuckDuckGo Cooks Google’s Goose: Analyst
- Growing Sub-Prime Auto Loans - New Troubles for Automakers?
- General Electric’s $4.5 Billion Dividend Slated for Buybacks
- Kuntz: Finding Opportunity in Emerging Markets
Citigroup Says Subprime Business Looks 'Pretty Good'
Text Size 
Citigroup's [C
Loading...
()
]
Speaking Wednesday at a Lehman Brothers financial services conference, Freiberg said the U.S. consumer has been "more resilient" than many expected.
He said, though, that the degree to which delinquencies on various types of loans evolve into actual losses, particularly on what he said were $1.5 trillion of mortgages whose rates will reset in the next 15 months, remains to be seen.
"What you really want to see is, are people buying and are they paying," Freiberg said. "Where you think there would be a fire -- in our subprime portfolio -- it actually looks pretty good." He added, however: "We're not going to basically avoid the systemic trend."
Subprime lenders make loans to people with weak credit. Many have struggled in 2007 as defaults rose and investors stopped buying many of their loans.
- The government wants help for its investigation into the mortgage backed security fiasco of 2008.
- Where do the happiest and most optimistic of Asian millionaires live? Click through to find out.
- These athletes are notable for brief moments in the sun and leaving their fame on the field.
- China has been ramping up investments around the world. Here’s a list of the top ten countries.
- Is there a Machiavellian scheme to create a United States of Europe? Patrick Allen looks into it.
- Now you can eat your way across America all year long, from one sizzling bacon festival to another.
Data is a real-time snapshot *Data is delayed at least 15 minutes
