Posted by 101livescan on 8/4/08 10:38pm
Msg #258530

Lenders Fear Prime Loan Borrowers at Risk Now

http://www.nytimes.com/2008/08/04/business/04lend.html?ex=1218513600&en=7e3b6a3756a5c234&ei=5070&emc=eta1

Seems the defaulting of prime borrowers' loans is on the increase due to job loss, inflation and cost of gas/oil.

The beat goes on...just when experts were thinking they were seeing the bottom of the option arm foreclosure fall out, now the strong credit scoring borrowers are beginning to show signs of weakness and defaulting.