Subprime Redefault Rates May Hit 75%

Fitch Ratings estimates the between 65% to 75% of subprime loans that were modified will redefault 12 months after the workouts, and that is a conservative projection.

  • 21 Oct 2009
Fitch Ratings estimates the between 65% to 75% of subprime loans that were modified will redefault 12 months after the workouts, and that is a conservative projection. Fitch said the percentage of modifications has tripled from a year ago, with approximately 10% of all residential mortgage-backed securities loans ...

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