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ID: 28632
Title: Yahoo! News: Economy News Yahoo! News Subprime weakness likely to depress GDP growth: S&P (Reut
Description: Economy News

Houses are seen in California suburb in this undated file photo. Subprime mortgage lenders could lose up to a third of their business if proposals to scrap some types of loans to high-risk borrowers, currently under consideration by federal regulators, go into effect, a leading underwriter said on Thursday. (Files/Reuters)Reuters - An increase in U.S. homes for sale as a result of subprime loan borrowers defaulting on their mortgages, in addition to less construction of new homes, is likely to depress gross domestic product growth, Standard & Poor's said on Thursday.


Category: Business/US Economy/
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Date Added: March 15, 2007 11:09:07 PM
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