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You're browsing: Complaints » General Issues, Watchdog Issues » Article Title: 20 Percent of Subprime Mortgages May Fail, Foreclose
15
Apr
20 Percent of Subprime Mortgages May Fail, Foreclose
Watchdog
A Center for Responsible Lending (CRL) study found that one in five subprime loans issued during 2005-2006 will fail, with over two million homeowners at risk for foreclosure as a result.

A study conducted by the Mortgage Bankers’ Association (MBA) also found that subprime mortgages were experiencing higher rates of delinquency in the past twelve months.

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Category: General Issues, Watchdog Issues
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