Mortgage Defaults Largest Obstacle to Recovery: Denko Group

Singapore, Singapore, May 22, 2010 --(PR.com)-- From a report issued earlier in the week: “Generally speaking, the situation is improving, but too slowly to make an impact. More than ten percent of mortgage holders missed a payment in the first quarter of 2010, a huge increase from previous years. Federal tax credits and continued low rates failed to relieve the pressure. The Association of Mortgage Bankers confirmed that foreclosures are at a record 4.2%. The federal government’s foreclosure prevention program which cost $75 billion US dollars made little impact.”

The subprime loans that started the financial crisis in the first place are now representing a smaller percentage of total foreclosures. Unfortunately the balance is being made up of homeowners with good credit histories with conventional, fixed rate loans. The consensus among analysts is that employment rates need to improve before foreclosures will ease.

Denko Group is a private equity firm dedicated to providing superior returns on capital. They seek high net return opportunities in all sectors, from high-growth technology and life science companies to recommending competitors funds, while achieving superior returns for investors. They bring together the financial and intellectual capital necessary to create a sharp edge that is focused solely on investor’s confident assurances of outstanding performance. For more information on the Denko Group please visit their website at denkogroup.com.

You should not do, or refrain from doing, anything based on the information provided in this release without first obtaining professional advice from your financial advisor. Denko Group believes the information in this release is correct, and it has reasonable grounds for any opinion or recommendation found within, as at the date the relevant part of this release was last updated. However, Denko Group and its directors, employees and agents are not liable for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this release. Nothing in this release is, or should be taken as, an offer, invitation or recommendation to buy or sell any investment in or make any deposit with Denko Group or any other person.

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