The problem is not the “subprime” mortgages, but “prime”
- Posted by Marc on September 20th, 2008 filed in real state
We attach a very interesting chart in which you can appreciate even as subprime mortgages were the first in present crisis, now “prime” mortgages are are behaving worse lately, showing therefore, that the mortgage problem is not concentrated in certain risky loans but is a problem throughout the mortgage market.
delinquencies growth in subprime and prime loans 2007-2008 (source FT)
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