The Next Mortgage Bombshell

By michaelsch   follow   Mon, 27 Jun 2011, 3:46am PDT   ↑ Like   ↓ Dislike   1,327 views   3 comments   Watch (0)   Share   Quote  

An interesting article.

http://finance.yahoo.com/loans/article/113015/next-mortgage-bombshell-barrons?mod=patrick.net

Note: Mainstream media nowadays is full with such "news".

#housing

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bubblesitter   befriend (5)   ignore (3)   Mon, 27 Jun 2011, 4:06am PDT   Like   Dislike     Share   Quote   Comment 1

Don't worry, US tax payers will pick up the tab.

Hysteresis   befriend (2)   ignore (3)   Mon, 27 Jun 2011, 4:54am PDT   Like   Dislike (1)     Share   Quote   Comment 2

thanks. fantastic article.

this may be a nice short strategy.

FortWayne   befriend (12)   ignore (3)   Mon, 27 Jun 2011, 5:01am PDT   Like   Dislike     Share   Quote   Comment 3

as article points out, most of these mortgages are carried by FN/FR so tax payers will pay the bill.

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