The Next Foreclosure Wave -- Ready For A Riding!

May 04, 2009 18:44

Eschaton brings us the new wave. Looks like we are right now in the very lowest point of the trough, with a wave of potential foreclosures looming right before us.

I mean, freakin' hell, people, an over 80% increase in mortgage payments by mid '11?

mortgage backed securities, mortgage defaults, cram-downs, arms, foreclosures, mortgage rates, mortgage delinquency rates, bubbles

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