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B&C Default Risk Remains at High Level.(Brief Article)
The risk of mortgage default on nonprime credit quality loans has risen 30% since 1998, according to a quarterly study by University Financial Associates.
Dennis Cappoza, professor of finance at the University of Michigan and a principal in University Financial Associates, said the risk of default on nonprime loans being originated today is rising because of economic conditions.
The Federal Reserve's accommodating interest rate policy is not able to "offset the eroding prospects for both the consumer and the underlying housing ...
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Source: HighBeam Research, B&C Default Risk Remains at High Level.(Brief Article)