Replies to post #15609 on Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

Well, subprime in the 2004-2008 period was fairly unique. It's not that all subprime is bad, it's that the implementation of subprime lending needs to be reasonably competent. Australia claims to be developing competence in subprime mortgages.

http://www.brokernews.com.au/news/breaking-news/australian-lenders-not-afraid-of-subprime-mortgages-191162.aspx