Re: Delinquency Rates
Posted by Jim V on July 25, 2007 at 01:28:15:
In Reply to: Re: Delinquency Rates
Posted by Nick(Colorado) on July 24, 2007 at 16:06:43:
OMG.
I just saw a little news blurb on television.
According to the blurb, CountryWide Financial is looking at something like a 4.6% delinquency rate on their prime loans.
I'll look at other news tomorrow, but if the 4.6 number is at all close to accurate, we can pretty much stop talking about sub-prime and Alt-A. Big numbers in prime loans will far outweigh any impacts in the smaller lending niches. If those numbers at all close to being accurate, holy crap, it's going to be an interesting next few years.
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