(Reuters) - "July remittance reports are out and the market has had its
say. The numbers were not good," said one dealer. "The bottom
line is that the appetite for risk is waning across all sectors
so it's no surprise the most volatile market of them all got
hit hard," the dealer said.
Remittance reports, which offer a snapshot of subprime loan
performance over the last 30 days, showed delinquencies
continued to rise in July. Subprime mortgages are made at high
interest rates to borrowers with poor credit histories.
Read more at Reuters.com Bonds News
say. The numbers were not good," said one dealer. "The bottom
line is that the appetite for risk is waning across all sectors
so it's no surprise the most volatile market of them all got
hit hard," the dealer said.
Remittance reports, which offer a snapshot of subprime loan
performance over the last 30 days, showed delinquencies
continued to rise in July. Subprime mortgages are made at high
interest rates to borrowers with poor credit histories.
Read more at Reuters.com Bonds News
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