Subprime Foreclosure-Starts Drop in 3Q But Slowdown Could be Misleading
December 12, 2008
A decline in subprime foreclosures continued through November, but analysts warn that activity is likely to increase again in 2009. The total amount of subprime mortgages outstanding also continues to fall, and volume is not expected to increase anytime soon. An analysis by Inside B&C Lending found an estimated $810.0 billion in subprime mortgages... [Includes one chart and one graph]