The Federal Reserve Bank of New York today released Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers, a new forthcoming article in the Bank's Economic Policy Review series. (newyorkfed.org)
«It is possible that the slight increase in delinquencies year over year can be attributed in part to the increased share among nonprime borrowers of new accounts, but even so, delinquency numbers are not a cause for concern. (creditcards.com)
Overall, the region had less penetration of nonprime loans into its housing market and therefore has lower mortgage delinquencies; (newyorkfed.org)