I just saw an article that listed European banks that are exposed to the subprime mortage. One of them was Ing. It has 3.2 euro billions invested in subprime mortages through the ABS or 25% of its investments. Do you think this is still a safe bank?? I just transferred my savings to them. May have to look into a credit union!!
I like the National Mortgages News Online website. It lists the top ten subprime lenders’ sales volume on a quarterly basis. Also does a year over year comparison.