Industry News

Fed report: Subprime mortgage continues to function

Alt-A, subprime MBS retreating from records
Published on Jul 20, 2007

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by CareyBot

Despite dramatic rise delinquencies and foreclosures, subprime mortgage lending continues to function and new loans are being made, Federal Reserve analysts said in their biannual monetary policy report to Congress. Credit has tightened as investors in subprime mortgage-backed securities (MBS) ...