Wednesday, April 18, 2007

What Percentage Subprime?

This chart is from the WSJ's Marketbeat blog. Notice the large percentage of loans written last year to either subprime borrowers or second homebuyers.

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I'm not saying this is good or bad. What I am saying is it seems like a fair amount of mortgage loans were made to people who either had questionable credit or already had a home.

1 comment:

Disillusioned said...

I happen to bank with WaMu, and have for the last 8 years.

Looking at their portfolio is disheartening, because honestly they're the best I've ever been with in the industry when it comes to customer service and everything else they offer.

Should I be worried enough to look at switching to a local credit union? :\