Subprime-Mortgage Defaults Rose Last Month, ABX Data Suggests

Story date: 2007-10-26 07:17:00
Added on: 2007-10-26 07:45:45

Bloomberg - Oct. 26 (Bloomberg) -- Late payments and defaults among subprime mortgages packaged into bonds rose last month as higher loan rates and weaker home prices pushed homeowners to the brink, according to data for loans underlying ABX derivative indexes ...


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