cure (1)

Interestingly enough I came across an article that mentions the numbers regarding the cure rate. Basically cure rate is the percentage of portfolio of delinquent mortgages that are brought current or paid. According to Fich Rating, a global credit rating agency, the cure rate among prime fell to 6.6% from an average of 45% during 2000 through 2006. At the same time Alt-A fell to 4.3% from 30.2% average and subprime fell to 5% from a 19% average. Unbelievale numbers that exposes the fragile state of our economy.
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