As we’re emerging from one of the worst weeks in Wall St. history, it seems clear the contagion brought forth by the subprime mortgage problems is undeniable.  According to the implod-o-meter, 258 mortgage lenders have gone belly up since 2006.  Housing prices continue to fall throughout the country pinching homeowners who greedily maxed out their [...]

Subprime delinquencies continue to increase, according to S&P.  Last month subprime delinquencies rose 7%.  Jumbo loans continued to outpace all mortgage delinquencies, which should keep a tight lid on new jumbo originations as well as the strong premium paid for those mortgages.  Signs are also growing that the subprime payment plans offered to troubled borrowers [...]

2007 and 2008 may not be the only years with massive subprime mortgage delinquencies.  It seems as if subprime delinquencies may continue to rise into 2009.  At least this is the opinion of the National Association of Realtors.  At present, the delinquency rate on subprime loans is around 20%.  Some believe that this forecast could [...]