Default Rates Continued to Rise in February, But Subprime Deterioration has ‘Slowed Significantly’
May 11, 2007
The credit performance of securitized prime, Alt-A and subprime mortgages kept weakening in February, but subprime deterioration has “slowed significantly,” according to a new report by analysts at Friedman Billings Ramsey. In terms of prime product, FBR found the...