Greg in Al

Some Subprime Mortgage Loans Are Actually Current

I admit my concerns are based on fear. With an almost universal acceptance that housing prices in many areas will drop, the LTVs will be very thin, or negative. I have a good FICO score which I want to keep. if I get upside down in my home I won't bail, I'm sticking with it. But will the sub-primers do that? After all, sub-prime is just a politically correct way to say "bad credit". When times get tough and equity turns negative, will the subprimers bail? They have crappy credit anyway, what do they have to lose by walking?