The Next Subprime

This post first appeared on Minyanville. As pressure mounts on rating agencies to proactively evaluate risky bonds, downgrades will continue to creep up the credit spectrum. Prime loans make up almost 80% of the massive mortgage market, and delinquencies are quickly deviating from historical averages. While subprime mortgages continue to make headlines, data from the [...]

February 8, 2008 | Comments Off