04 August 2008

"Sub-prime" mortgage crisis slows, "Alt-A" mortgage crisis picks up steam...another wave approaches (New York Times, 4 August 2008)

Housing Lenders Fear Bigger Wave of Loan Defaults
By VIKAS BAJAJ, New York Times, 4 August 2008

"The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling behind on their payments in growing numbers..."

Read full article here

No comments:

Post a Comment