… But Subprime Problems Persist

Collins, Brian
February 2007
Mortgage Servicing News;Feb2007, Vol. 11 Issue 1, p1
The article reports on the increase of the default rates of subprime loans in 2006 in the U.S. Default rates on mortgage-backed securities increases from 6.9 percent to 9.1 percent in October as well as in the Midwest and England. Rates in hurricane-impacted states remained the same while rates in Gulf Coast decreases The default rate of adjustable-rate subprime mortgages increases to 27 percent in November.


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