(Reuters) - AUSTIN, Texas, April 4 - The problems in the subprime mortgage market remained contained but were clouding the outlook for the wider housing market, and the U.S. economy as a whole, Federal Reserve Bank of Dallas President Richard Fisher said on Wednesday.
"Thus far, the damage from the subprime market has been largely contained. ... Quality problems have arisen primarily for adjustable-rate subprime loans, which are only about 8.5 percent of home mortgage debt outstanding," he told the Austin Mortgage Bankers Association in prepared remarks.
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