SHREVEPORT, La. — A snapshot poll comprised by the African-American Credit Union Coalition currently shows that subprime mortgage loans are causing most of the delinquencies in loan portfolios.
The poll, located on the AACUC's Web site at www.aacuc.org, asks "What is causing the most significant amount of delinquencies within your loan portfolio?" Twenty-four percent said subprime mortgage loans with indirect lending and death and disability at 18%. Bankruptcies had the least impact on a loan portfolio at 16%. Twenty-one percent indicated "other" factors.
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