Monday, December 03, 2007

Subprime mess affecting credit-worthy

Thought this was an interesting observation regarding the current subprime mess.

An analysis for The Wall Street Journal of more than $2.5 trillion in subprime loans made since 2000 shows that as the number of subprime loans mushroomed, an increasing proportion of them went to people with credit scores high enough to often qualify for conventional loans with far better terms.

Subprime Debacle Traps Even Very Credit-Worthy

3 Comments:

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