There has been a fair amount of press about the day of reckoning for subprime mortgage loans. Now in this wonderful economy we have it appears that the problem is moving towards prime mortgage loans.
Delinquencies on prime mortgages are almost double this year when compared to last year at Countrywide Financial, one of the largest mortgage lenders in the country. At American Home Mortgage Investor bad mortgage loans have gone from .43% last year to 8.13% this year.
1 comment:
I love the blog that you have. I was wondering if you would link my blog to yours and in return I would do the same for your blog. If you want to, my site name is American Legends and the URL is:
www.americanlegends.info
If you want to do this just go to my blog and in one of the comments just write your blog name and the URL and I will add it to my site.
Thanks,
David
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