Subprime mortgage slipping into default at rapid pace

Story date: 2007-10-07 10:42:00
Added on: 2007-10-08 05:16:27

International Herald Tribune - NEW YORK : Subprime mortgage bonds created in the first half of 2007 contain loans that are going delinquent at the fastest rate ever, according to Moody's Investors Service. The average rate of "serious loan delinquencies" in the securities has been ...


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