Is U.S. on the Verge of a Prime Mortgage Crisis?

2011-10-14 — bnet.com

"According to the report by Fitch Ratings, currently more than 12 percent of all prime borrowers are seriously delinquent (60+ days) on their mortgages -- an all time high. The report says home equity -- and not inability to pay -- is the driving factor in mortgage defaults."

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