(Bloomberg) -- U.S. borrowers with good credit are
increasingly falling behind on payments, a sign that lenders have
been offering ``higher risk'' loans to people other than subprime
borrowers, according to two studies by Standard & Poor's Corp.
Growth in delinquencies and defaults on so-called Alt A
mortgages made last year is ``disconcerting'' and borrowers appear
to be ``finding it increasingly difficult to refinance'' or catch
up on their payments, S&P analysts said today in a report. Total
delinquencies on ``prime jumbo'' mortgages in bonds from 2006
reached the highest among loans of less than 12 months since at
least 2000, the S&P said in a separate note.
Read more at Bloomberg Bonds News
increasingly falling behind on payments, a sign that lenders have
been offering ``higher risk'' loans to people other than subprime
borrowers, according to two studies by Standard & Poor's Corp.
Growth in delinquencies and defaults on so-called Alt A
mortgages made last year is ``disconcerting'' and borrowers appear
to be ``finding it increasingly difficult to refinance'' or catch
up on their payments, S&P analysts said today in a report. Total
delinquencies on ``prime jumbo'' mortgages in bonds from 2006
reached the highest among loans of less than 12 months since at
least 2000, the S&P said in a separate note.
Read more at Bloomberg Bonds News
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