Monday, Dec 15, 2008
We don't even need sub-prime any more for HPC
Telegraph: Prime mortgage borrowers struggle with payments, report says
"The study by ratings agency Standard & Poor's showed that the percentage of so-called "prime borrowers" – the most low risk borrowers – who were finding it difficult to repay their loan was at its highest level since 2000, when its records began. "
Posted by voiceofreason @ 04:11 PM (569 views) Add Comment
4 Comments
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1. symo said...
Oh dear, are they prime or were they banking on low interest rates and their cushy service jobs for life.
2. mark wadsworth said...
Assuming they are talking about the UK, 3% in arrears is pretty heroic.
3. paul said...
This is the same Standard & Poors that gave AAA ratings to the debt held by these people's lenders.
Seriously, both Moody's and S&P should be in leg irons by now.
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