Like measles, financial distress has a nasty habit of spreading. And the repeated protestations by mortgage originators that the problems in the US sub-prime market will not spread elsewhere could be an expression more of hope than experience. It is hard to see how the US prime market can remain unaffected: with 90-day-plus arrears now running at 25% in the US sub-prime sector it is inevitable that there will be a surge in distressed housing sales.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
