For A, B, C, D Paper we have a term and definition in Real Estate.

A, B, C, D Paper (Real Estate)

Mortage loans are rated as A, B, C, or D paper. "A" paper loans are the highest quality, lowest risk loans; "B" quality are loans where the borrower has minor credit problems; "C" quality are borrowers with marginal or poor credit; "D" quality indicates very high risk loans.

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