Thursday, July 26, 2007

creeping unstablisation

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 (597 views)
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3 thoughts on “creeping unstablisation

  • planning4acrash says:

    Bless your cotton socks dear, but a spell check could be beneficial?!

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  • 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.

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  • I meant to say “How can they be credit worhty if they default”

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