Prime loan default rates doubled as credit tightened, report says

Delinquency rates on the least risky home loans, which account for two-thirds of all mortgages, more than doubled last year, showing credit quality deterioration is spreading through the housing market, U.S. regulators said. Seriously delinquent prime loans climbed to 2.4 percent of total loans on Dec. 31, from 1.11 percent in the first quarter, the Office ...

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Prime loan default rates doubled as credit tightened, report says

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