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View Full Version : Alt-A cracks appearing



c1ue
06-29-07, 10:26 AM
http://www.reuters.com/article/bondsNews/idUSN2636866620070626?sp=patrick.net

90-day delinquency rates according to S&P:

2006 vintage Alt-A: 4.21%
2005 vintage: 1.59%
2004 vintage: 0.91%

DemonD
06-29-07, 09:20 PM
you know what is going to be the worst out of all of this, is i bet you anything the 2007 vintages are going to be even worse than 2006 when all is said and done. frothy lending is still taking place out there. absolutely mind boggling.

bill
06-30-07, 01:06 AM
They keep saying the defaults won’t happen with the A paper.
When the REO is selling for a 100K less then the principal balance of the A paper home owner next door they will walk away or stay and pay to keep the credit rating.