Consumer Loan Delinquencies Rising Again
I have written several columns this year on the situation facing the banks with respect to their large and increasing portfolio of non-performing loans, especially residential mortgages.
Since the housing bubble began to pop in 2006, which eventually led to recession, the collapse of Lehman Brothers and the implementation of the TARP (Troubled Asset Relief Program) and ZIRP (Zero-Interest Rate Policy) programs, the number of non-performing loans has increased dramatically....498 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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