Alison Swain
Senior Member
- Joined
- Sep 13, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Got this flash this morning in an email from Mortgage Daily News:
Subprime Debacle to Shrink US. Credit by $2 Trillion
[FONT=Times New Roman,Georgia,Times]Outstanding credit in the United States will contract by around $2 trillion as a result of the subprime mortgage market meltdown, a new study estimates.[/FONT]
Isn't $2 Trillion the full amount of what was (in 2004) projected to be written in all of 2005?
:Eyecrazy:
Subprime Debacle to Shrink US. Credit by $2 Trillion
[FONT=Times New Roman,Georgia,Times]Outstanding credit in the United States will contract by around $2 trillion as a result of the subprime mortgage market meltdown, a new study estimates.[/FONT]
Isn't $2 Trillion the full amount of what was (in 2004) projected to be written in all of 2005?
:Eyecrazy: 
