The last mortgage crises was led by sub-prime loans. The next mortgage crises is being led by the “higher quality” loans; Alt A loans, interest only that are now converting to interest plus principle loans loans and Option Arm loans that started out with unreasonably low “teaser interest rates” that will now adjust up like the sub-primes did.
Here in 2009, we are only at the beginning of the next, many say, larger default wave.























This is extremely important information that most of society does not understand at all. I was going to ask if I could re-post for my readers, I found it all on YouTube. Thanks for bringing this news to my attention Karen!
Dec 1st, 2009 / 12:38 am
Sure you can repost. Would you please indicate where you found it and include a link to my blog?
Dec 1st, 2009 / 10:22 am