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There is trouble in the water for sub-prime lenders

Digg!

Deliquency rates of 13.22% during the 3rd. quarter on sub-prime ARMS, and the quote is “There could be some further weakening in the subprime sector” the Mortgage Bankers Association said in a report last week.

Check out this great article on the state of the sub-prime business right now.

Subprime Storm Isn’t Over – Mortgage Industry Insider from MortgageDaily.com
— the dominant source of online news for the mortgage industry.

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This entry was posted on Tuesday, February 6th, 2007 at 2:29 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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