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<a href="http://www.accessmylibrary.com/coms2/summary_0286-33209807_ITM" title="Facts and information about Some Lenders See 'Contagion of Fear' Could Spread Beyond Subprime.">Some Lenders See 'Contagion of Fear' Could Spread Beyond Subprime.</a>
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Some Lenders See 'Contagion of Fear' Could Spread Beyond Subprime.
COLUMBIA, MD -- The Credit Manager's Index, a monthly survey of business credit managers, finds that while most say conditions remain strong, they fear that problems currently plaguing the subprime sector of the mortgage industry could spread throughout the credit industry.
"Some trade credit managers seem to be experiencing the same difficulties seen in virtually all credit markets," said Dan North, chief economist with credit insurer Euler Hermes, in a news release issued by the National Association of Credit Managers.
Mr. North said the rapid rise in delinquencies and defaults affecting the subprime mortgage world have sent a "contagion of fear" into other mortgage-backed securities, corporate bonds, leveraged buyout financings and even the ...
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Source: HighBeam Research, Some Lenders See 'Contagion of Fear' Could Spread Beyond Subprime.