ING Reports Spike In Alt-A Delinquencies

13 Aug 2009

ING Group reports a spike in Alt-A mortgage delinquencies in the second quarter to 20.9%, up from 17.2% in the previous three-month period.

ING Group reports a spike in Alt-A mortgage delinquencies in the second quarter to 20.9%, up from 17.2% in the previous three-month period. The Dutch banking group, which posted its first profits after three consecutive quarterly losses, said rising unemployment and the continued weak housing market in the ...

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