Tonight 60 Minutes covered the upcoming wave of potential foreclosures related to Option ARM and Alt-A loans, which are expected to start rising over the next three years, with as many as 8 million homeowners losing their homes. Already 10% of outstanding mortgages are in technical default:
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Showing posts with label Alt-A loans. Show all posts
Showing posts with label Alt-A loans. Show all posts
Sunday, December 14, 2008
60 Minutes covers upcoming Alt-A and Option ARM foreclosure wave
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