Definition - What does B Paper mean?
The term B-paper refers to the home mortgages for customers with bad or poor credit history or other issues that may be preventing them from obtaining a loan at best interest rates, financing percentage, or other interest terms. The higher rate of interest is generally because of the uncertainty related to the repayment.
Justipedia explains B Paper
For many years the B-paper industry has largely operated in the absence of any real regulations and laws. This, however, has changed considerably after the industry had to face scrutiny related to predatory abuse. However, the industry as a whole remains honest and allows many consumers to avail benefits of ownership.