Deterioration in Credit Performance of Securitized Mortgages May be Close to Peaking, Report Says
April 5, 2007
Securitized prime, Alt A and subprime mortgage credit performance continued to weaken in January, but the deterioration could be close to peaking, according to a new report by Friedman Billings Ramsey. First, the prime loan default rate rose to 0.38 percent in January...