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Fed's Bies: Mortgage Credit Outlook Still Favorable

Shared by Jerry on Tue Oct 17, 2006 9:43 pm

Federal Reserve Governor Susan Bies said Tuesday the outlook for U.S. mortgage credit quality remains favorable, although "modestly cautionary signs" are on the horizon, and delinquencies of subprime mortgages have ticked up.

Source: http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20061017%5cACQDJON200610171401DOWJONESDJONLIN
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