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Home » Store » News » Subprime Delinquencies Up Again, Led by ARMs

Subprime Delinquencies Up Again, Led by ARMs

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The seasonally adjusted delinquency rate for subprime mortgages jumped to 14.82 percent in the second quarter, according to the Mortgage Bankers Association. The rate increased 105 basis points from the previous quarter and 312 basis points compared to the same period in 2006. The rate for prime mortgages, meanwhile...
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