Courtesy: www.bestsyndication.com
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July 6th, 2008 admin Posted in Bad Credit Loans, Uncategorized No Comments »
April 30th, 2008 admin Posted in Uncategorized No Comments »
Many now troubled borrowers had excellent credit when they got their mortgages. But they took out loans that they couldn’t afford to buy homes that were too expensive. Credit scores alone are no guarantee that borrowers will be able to keep up with their payments.
In September 2007, the most recent month for which data is available, more than 20% of subprime mortgage borrowers with nearly perfect scores of between 840 and 850 were 60 days or more delinquent, according to First American LoanPerformance. (See correction, below.) That default rate was roughly equal to that of borrowers with much lower scores, in the 540 to 599 range. Read more
Courtesy: money.cnn.com
April 1st, 2008 admin Posted in Uncategorized No Comments »