Lenders See New Wave of Prime Defaults

Bigger group of 'good' borrowers now face foreclosure

By Jim O'Neill, Newser User

Posted Aug 4, 2008 8:11 AM CDT

(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... Read full story »

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Lenders See New Wave of Prime Defaults

Bigger group of 'good' borrowers now face foreclosure

subprime crisis • mortgage defaults • JPMorgan Chase • foreclosures

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More Newser Stories

2007 Mortgages Failing at Triple the Rate of 2006

Prime loans made in early 2007 are going bad at triple the rate of 2006 loans

Goldman Seizes Homes as Securities Sour

Just getting them to admit they hold your mortgage can be an ordeal

Fannie Mae: Tenants Can Stay

Fannie Mae won't evict tenants after foreclosures

FDIC Pushes Plan to Ease Mortgage Payments

Bush camp opposes using bailout funds

Citi to Aid Homeowners by Modifying $20B in Mortgages

The bank will amend mortgages to assist 130,000 borrowers

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