Mortgage Bankers Association - "MBA Releases 2007 Economic Research Study on the Housing and Mortgage Markets" (2-5-07)

"Delinquency rates are evolving as any seasoned observer of the mortgage market would expect them to do. Barring any unexpected downturn in the economy, the recent increase in mortgage delinquency rates will likely peak by the end of 2007, but at levels well below those of past peaks. This lower peak will come despite the change in the composition of outstanding loans, namely a larger proportion of subprime loans in recent years."