Exact(60)
Mortgage defaults have continued to climb.
The cascade of mortgage defaults reduced housing debt in the economy, providing some relief.
Mortgage defaults have soared, particularly among the least credit-worthy subprime borrowers.
"I don't think any assessment has been made of the possible impact of mortgage defaults".
If the rate of mortgage defaults does not spike horribly, it might be a manageable liability.
Yes, there are real problems: housing, mortgage defaults, losses at financial firms, rot in hedge funds.
From October 2000 to December 2001, the Housing Partnership counseled 103 clients about mortgage defaults.
It is not just the decline in home prices and the increase in mortgage defaults.
Still, it was vulnerable to mortgage defaults through collateralized debt obligations, or C.D.O.'s.
With mortgage defaults rising, it appears NovaStar paid dividends from ephemeral profits.
If prices continue to fall, mortgage defaults will move well beyond the subprime sector.
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