In case you missed it, here’s my story from Thursday: The rate of delinquencies in Alt-A loans — high-risk loans to people with good credit — has grown at a dramatically faster rate in the past year than the now-infamous subprime loans.
On Friday afternoon, I shared some numbers from that story with our media partners at NBC 7/39. Here’s the clip:
If you missed them, we had a few follow-up posts on Friday with more details on what kind of loans we’re talking about here; perspectives from the staff at a foreclosure assistance company; and a homeowner whose option-ARM payments actually just dropped because of low interest rates.
I got a couple of e-mails from real estate pros and market watchers who said their experience absolutely jives with what these new numbers show. You can always chime in by leaving a comment in Survival or dropping me an e-mail at email@example.com.