Thursday, Jul 26, 2007
creeping unstablisation
CNN: Prime borrowers catching subprime ills
second lien loans are bieng cut back. buyers who originally paid over the odds for the house are stuck with aproblem are are starting to default on second lien taken out to make up difference.
Posted by vfr @ 10:05 AM (216 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. planning4acrash said...
Bless your cotton socks dear, but a spell check could be beneficial?!
2. lvmreader said...
How can a borrower be "Credit Worthy" until they default? Everybody is "credit -worthy" until they default.
NEW YORK (CNNMoney.com) -- The subprime mortgage meltdown has begun to spread to prime loans as even credit-worthy borrowers have started to fall behind on payments.
3. lvmreader said...
I meant to say "How can they be credit worhty if they default"