The Next Wave of Foreclosures: Prime Mortgages in 2010
Many real estate and mortgage finance experts now predict that a whole new wave of foreclosures is about to hit. But instead of being fueled by the risky subprime mortgage loans made to consumers with lousy credit that instigated the original mortgage crisis, they say that this next phase of credit turmoil and foreclosures will be due to prime loans – those made to people with excellent credit and higher than average assets and income. One of the reason this is expected to happen is not
Read more here:
The Next Wave of Foreclosures: Prime Mortgages in 2010
Related posts
March 14th, 2010 at 4:47 pm
An excellent article….
I noticed this really insightful post today….