Subprime loan delinquency curve nearly vertical

by Sam Glover on November 20, 2007

60_days_overdue.gif

It is no news flash that subprime borrowers are having trouble paying back their loans, but this graph showing the number of delinquent subprime loans (60 days or more overdue, in this case) is a bit shocking. The curve has gone vertical! Whoops.

In stark contract are the number of delinquent prime loans, which have remained fairly constant.

[via Behind the Mortgage]

If you are in Minnesota, contact The Glover Law Firm, LLC, for a free case evaluation. In any other state, you can find a consumer rights lawyer using the National Association of Consumer Advocates lawyer database.

Leave a Comment

When you post a comment on this blog, you grant us the right to modify or delete your comment, but we have no duty to do so. If you want us to post your comment, make it coherent, relevant, and respectful.

Previous post:

Next post: