Subprime Lending Standards and You
Posted on March 29th, 2007 by Jonathan Dalton
Jonathan Miller at the Matrix uncovered Bill Gross’ monthly column discussing further the issues facing the housing market. Bill is with PIMCO, the word’s largest bound fund.
According to Bill, it’s incorrect to point to the defaults in the subprime market as damaging the national housing market. Rather, it’s the tightening of credit standards for all loans _ subprime or otherwise _ that’s having a dampening effect.
You can read Bill’s full column, Grim Reality, here.
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