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Home » Store » Taxable » Delinquencies Trend Upward In Late 2002, Data Show

Delinquencies Trend Upward In Late 2002, Data Show

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Despite the best efforts of servicers, subprime delinquencies trended upward during 2002, an Inside B&C Lending analysis of several major indexes suggests. San Francisco-based LoanPerformance, for instance, reported that 8.07 percent of the subprime loans in its database were at least three months past due or in foreclosure at the end of October. That was up 7 basis points from September and 36 basis points from the
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