Bigger group of 'good' borrowers now face foreclosure
(NEWSER) - The flood of foreclosures on subprime mortgages seems to be ebbing, the New York Times reports, but a second, larger group of borrowers—those with better credit—are now expected to default in coming months. A continued weak economy, unemployment, and other economic factors helped to quadruple the percentage of borrowers one rung above subprime who defaulted in April, compared with the year before, and double the percentage of prime market borrowers who defaulted. More»
