(Reuters) - Delinquencies will peak at 3.6 percent of all mortgage debt
outstanding in the summer of 2008, up from 2.9 percent in this
year's first quarter, according to the study by the consulting
firm based in West Chester, Pennsylvania.
"This will result in substantial financial damage," Mark
Zandi, chief economist of Moody's Economy.com, said during a
teleconference after the release of the study.
Read more at Reuters.com Bonds News
outstanding in the summer of 2008, up from 2.9 percent in this
year's first quarter, according to the study by the consulting
firm based in West Chester, Pennsylvania.
"This will result in substantial financial damage," Mark
Zandi, chief economist of Moody's Economy.com, said during a
teleconference after the release of the study.
Read more at Reuters.com Bonds News
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