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Loan Modification

: The Truth About Mortgage.com

Subprime Default Rate as High as 49 Percent

By scot184

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It seems as if things keep going from bad to worse with respect to home loan default rates. And if previous downgrades are any indication, things will probably continue to deteriorate as time goes by. Today, Standard & Poor?s once again upped expectations for losses on U.S. mortgage securities tied to Alt-A loans and subprime mortgages, the [...]

Full post as published by The Truth About Mortgage.com on July 06, 2009 (boomark / email).

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