Re: Delinquency Rates

Posted by Nick(Colorado) on July 24, 2007 at 08:10:39:

In Reply to: Delinquency Rates posted by Jim V on July 23, 2007 at 18:28:01:


Jim V:

I think that the more interesting part is how
little bleed-over there has been into the prime,
and fixed rate markets. The lack of bleed-over
may be real, or the definition of sub-prime may
have been tweaked to get the nice curves.


Here's your fix:

July 2005, from the OCC: The sale of interest only,
or negative amortization home loans for purchase
of a SFR should be severely limited. Only those
customers that are accredited investors, should be
offered such product.

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