Subprime Woes Won't Worsen Much

Despite Wall Street's jitters, S&P thinks delinquencies for lower-risk mortgage loans won't rise significantly above historic levels

The Mar. 13 announcement by the Mortgage Bankers Assn. that delinquencies are creeping up for both subprime and prime mortgages came as no surprise to Standard & Poor's Equity Research. In fact, S&P believes rising delinquency and default rates will continue into the foreseeable future.

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