This is ugly: FICO's quarterly survey of bank risk managers shows a "sharp and deep turn to...

|By:, SA News Editor

This is ugly: FICO's quarterly survey of bank risk managers shows a "sharp and deep turn to pessimism," particularly in housing, with 73% expecting foreclosures to rise in the next five years, and 49% predicting housing prices won't return to 2007 levels until at least 2020. It's not just housing: 40% see rising delinquencies among credit card borrowers.