Submitted by Ronald Tennant with Metrocities Mortgage:
Investor's Business Daily (05/23/08) P. A1
Standard & Poor's reports a 17-percent delinquency rate for Alt-A mortgages rated from 2005 to 2007. With regard to subprime loans, the report reveals a 37-percent delinquency rate for 2006 loans and a nearly 26-percent delinquency rate for loans written last year. Prime mortgages and commercial real estate loans also are recording higher delinquency rates.
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