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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: awi who wrote (66063)2/8/2001 9:24:47 PM
From: LLCF  Read Replies (1) of 436258
 
< In the case of mortgages, people take on long-term obligation with their bank, which will usually be somewhat more conservative for mortgages than for just another personal loan. >

I'd be interested to know what the historic default rates are in the U.S. vs say NL on not only mortgages, but other personal credit. I know lots of folks here in the states that look at their home as another source of leverage...[ie. the safety of these historically low risk loans may be changing with the times] do they do that over there?

DAK
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