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September 9, 2007
Subprime Delinquency Rates by Year
Good figure from a new Bank of International Settlement report. It shows subprime delinquency rates by year, and the widening spreads across bond ratings. For those of you just tuning into the credit entertainment now, note how tights the spreads were back in 2006.
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Hi, thanks for your insights. Lately I've been rather interested in what is happening in the housing and land development sector due to some friends with some substantial ventures. Do you have any insight into what is happening there with the above information or other news that you glean from observance?
It seems hard to predict at the moment with questions about interest rates and forclosures and I'd sure like some other, perhaps more interesting and broader points of view.