Industry News

2006 subprime loan performance will be worst in a decade

S&P report: More ARMs, low-doc loans offset higher FICOs
Published on Mar 26, 2007

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by CareyBot

Analysts at Standard & Poor’s RatingsDirect say that even if home prices stabilize and the U.S. economy remains strong, the performance of subprime loans originated and resold on the secondary market in 2006 will be the worst in 10 years. ...