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Loan Modification

: Mortgage Lender Implode-o-Meter

BarCap estimates more subprime defaults from troubled vintages

By Implode-Explode Heavy Industries

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"Of those subprime mortgages still current and originated in 2005, 70% are expected to default. In 2006, the expected default rate for current subprime is 89%, and 84% of current subprime from the 2007 vintage."

Full post as published by Mortgage Lender Implode-o-Meter on September 16, 2010 (boomark / email).

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