B/C Loans do not meet the credit
requirements of Fannie Mae and Freddie Mac. They are known
as B, C and D paper loans. Loan applicants typically have a
bad credit history, have filed for bankruptcy, or have had a
property in foreclosure.B/C
Loans are often issued as temporary loans until the
applicant can restore credit and qualify for conforming "A"
loans. Interest rates on B/C Loans are generally higher than
for conforming "A" loans.