3.6 million mortgages in the US that are 90 days+ delinquent or in foreclosure - 08/21/09 03:44 PM
 3.6 million mortgages in the US that are 90 days+ delinquent or in foreclosure This is very unsettling information from the MBAA that out of 3.6 million mortgages in the US that are 90 days + delinquent or in foreclosure, more than half of the delinquent and foreclosing loans in the United States are now Prime loans-not Subprime lending. This helps one to understand just how difficult it is to assess credit quality today even when looking at the best borrowers. Presumedly, the reason  is the incredibly high unemployment rates not just of blue collar, but even professionals who constitute the Prime mortgage lending marketplace who  are receiving loans based upon strong … (0 comments)