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Subprime home loans: don't panic

By Art C Ryter at 04/30/07 23:38

Argues that there is little rational need to panic because of the rising foreclosures started by the subprime mortgage lending failure. The author suggests that current levels of delinquency are not any higher than they were in 2000, 1998, 1997 or earlier. He also suggests that most mortgages do not enter foreclosure because lenders are loath to lose money and are willing to work with borrowers to keep homeowners in the house while making payments of some sort. So don’t worry, be happy that avoiding foreclosure or at least getting help is easier than you think.
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