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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Paul Kern who wrote (82879)6/20/2007 7:30:19 AM
From: Dan3   of 110194
 
Re: Subprime loans going into default rose to a five-year high of 2.43 percent, up from 2 percent, and late payments from borrowers with poor credit histories rose to almost 13.8 percent, the highest since 2002.

Prime loans entering foreclosure increased to 0.25 percent, the highest in a survey that goes back to 1972.

Fascinating. At this point PRIME loans are doing relatively worse than subprime.

It'll be interesting to see where this ends up a year from now.
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