The credit crisis is no longer just a subprime mortgage problem.
As home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their payments for home loans, auto loans and credit cards at a quickening pace, according to industry data and economists.
The rise in prime delinquencies, while less severe than the one in the subprime market, nonetheless poses a threat to the battered housing market and weakening economy, which some specialists say is in a recession or headed for one.
Read Complete Story
Tuesday, February 12, 2008
Subscribe to:
Post Comments (Atom)
1 comment:
I just applied for a Car Loan from Mr Pedro and his investment funding company and an Unsubsidized Loan. After doing some research on different lenders I chose Discover because they seem to offer some of the best benefits in the market (at this precise moment in time) at a 2% rate. Contact Mr Pedro on pedroloanss@gmail.com to apply for any type of loan.
Post a Comment