Dog Posted February 10, 2009 Share Posted February 10, 2009 The current problems are blamed on subprime - now Alt A & Alt B are going wrong and these borrowers borrowed more! It's going to get much worse 'til it gets better.http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=473369&in_page_id=3&ct=5 Link to comment Share on other sites More sharing options...
baypond Posted February 10, 2009 Share Posted February 10, 2009 To be fair the Alt-A and grades of mortgages deemed a slightly better credit risk than the sub-prime, have been marked down by banks just as sub-prime was. It will continue to be a mess until house prices stop falling. Hopefully the US support package to be announced today will go some way to stopping the rot in the US, given how far property prices have already fallen. Link to comment Share on other sites More sharing options...
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