Thursday, Nov 26, 2009
An explosion of foreclosures will result from option ARMs set to reset to higher payments
Cnn: Option ARMs: Housing recovery killer?
25% default rate
But that doesn't just spell bad news for borrowers. Some industry pessimists say the looming default problem could have the power to derail the nascent housing market recovery
Posted by mark @ 08:51 PM (349 views) Add Comment
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