Not exact matches
Fast - forward to 2018, and according to a report from CNBC, the subprime mortgage is back — this time with a
new name:
nonprime.
New Jersey and parts of Long Island had more
nonprime mortgage activity than the national average and now has more delinquencies and foreclosures than in much of the region.
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 seri
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 seri
new forthcoming article in the Bank's Economic Policy Review series.
«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.