Relevant:
- Defaults on Some `Alt A' Loans Surpass Subprime Ones
- Option ARMs See Rising Defaults
- The incoming bailouts for the government mortgage complex and student debt markets -- 15 percent of FHA insured loans are 30+ days delinquent
- 40% of subprime mortgages stand delinquent, can prime be next?
- With Fixed Rates This Low, Who Needs ARMs?
2007-11-30 — reuters.com
"The Federal Reserve Bank of New York on Friday said 12 percent of U.S. subprime adjustable-rate mortgages were delinquent by 60 days or more through August 2007."
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