How bad will the mortgage crisis become if even people with good credit are going into default?

by eyewash
Question by tribeca_belle: How bad will the mortgage crisis become if even people with good credit are going into default?
Apparently even people with good credit are falling behind on their mortgage payments at higher rates, just as the subprime mortgage problems are leveling off.

The chairman and chief executive of JPMorgan Chase described the outlook for prime loans at his bank as “terrible.”

Can the economy recover any time soon if the housing credit market is in such

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