Do Prime And Sub-Prime Borrowers Alike Default On Mortgages Before Defaulting On Their Credit Cards?

Topics:
Bank Financing,
Credit and collection,
Credit Management
Tags:
Borrower,
Sales,
Payment,
Operational Accounting,
Mortgages,
Financial Services,
Finance,
eNumerys Global,
Credit Card,
Capital Structures,
...
Source:
eNumerys Global

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Overview: The explanation provided in the Business Week (BW) article was that most of these borrowers put down small or zero down payments so they don't have much to lose especially if prices had fallen since they made their purchase. People were current on their payments on their cards because people need credit cards for everyday necessities like gasoline and groceries.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 95KB | Date: Dec 2007 | Pages: 2

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