Saturday, Oct 27, 2007
US Defaults still going up (wait till we hit February).
Bloomberg: Subprime-Mortgage Defaults Rose Last Month, ABX Data Suggests
Subprime mortgage delinquencies rose in September as U.S. homeowners ran out of options to refinance into more affordable loans after their interest rates adjusted, UBS AG analysts said today
Posted by alan @ 12:13 AM (355 views) Add Comment
2 Comments
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1. whiteknight said...
Its over for the UK on this score.
The hangover of a decade awaits.
2. Orwell said...
That's quite apopolyctic though W/N.