in the forthcoming months or even years. I dived into Citigroup's statement these days and don't feel comfortable to say the worst is behind us. They still have roughly 72B worth of assets overhang, which are all below prime.
I'd rather say let's watch credit market before making any meaningful overlook on housing market which won't bottom out until lenders are willing to make commitement.
I'd rather say let's watch credit market before making any meaningful overlook on housing market which won't bottom out until lenders are willing to make commitement.