US prime borrowers fall behind on payments

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investorzzo
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US prime borrowers fall behind on payments

“Today’s prime borrower is far more at risk than the prime borrower of any other cycle,” said Michael Thompson, managing director of market, credit and risk strategies at S&P. “If unemployment continues to get worse, this is where you will have the greatest vulnerability and it may not yet be factored into the valuation of residential mortgage-backed securities.”

http://www.ft.com/cms/s/0/bd76dbca-8128-11de-92e7-00144feabdc0.html

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