Re: Ammendment
Posted by Jim V on July 25, 2007 at 02:34:08:
In Reply to: Re: Delinquency Rates
Posted by Jim V on July 25, 2007 at 01:28:15:
"Countrywide said payments were at least 30 days late at the end of second quarter on 4.56% of prime home-equity loans serviced by the company, up from 1.77% a year earlier."
From MarketWatch.
That's what I hate about television news, they screw up what should be fairly simple concepts. Home equity loans are a very different animal than primary home loans.
O.K. We can all relax, there really isn't a major problem brewing with the loans given out over the past few years. :)
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