Relevant:
- All praise to the new subprime -- 1 out of 6 FHA insured loans is now delinquent. Offering 30x leverage with FHA loans.
- Citadel Bet on ResMae Signals Recovery of Subprime Bond Market
- Moody's refines ratings methodology for Alt-A loans
- Auto-loan quality to deteriorate further, forcing tighter underwriting
- Washington Mutual Busted: Too Early to Bottom Fish the Sector
2007-06-02 — chron.com
"That would confirm the belief that we've had that underwriting standards have been improved and pricing has improved in the subprime products in '07 versus '06,"
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