It’s not just sub-prime first mortgage borrowers who are falling behind in their payments. Rising delinquency rates are hitting home equity lines of credit, car loans and credit cards. These borrowers have good credit and were thought to be the bulwark against the sub-prime borrower risk. In the parlance of the [...]
Archive for the 'Real Estate Economics' Category
Credit Bubble: Mortgage Crisis Spreads to Other Consumer Debt
Published by February 12th, 2008 in Mortgages, Real Estate Economics and Real Estate News. CommentsSharon Simms
Sharon is the winner of the First Carnival of The Economics of Real Estate created by Brian Brady. Congrats Sharon!
Read the entire story here.
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