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		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Subprime Outlook Extremely Challenging

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02-15-2007, 09:22 AM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

Join Date: Jan 2006

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Subprime Outlook Extremely Challenging

In a letter to her clients, a Goldman Sachs analyst took a posture similar to other recent reports, comments from industry executives and others in calling the situation "bleak." She wrote that the outlook for subprime credit quality remains "extremely challenging." She put the blame squarely on what she describes as lax underwriting standards by lenders chasing new business.

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