Pickle Real Estate

Reading Between the Head-Lines

$30 billion home loan time bomb set for 2010

2009-09-21  sfgate.com

“Next year, many option ARM payments will begin to readjust, slamming borrowers with dramatically higher monthly mortgage bills. Analysts say that could unleash the next big wave of foreclosures – and home-loan data show that the risky loans were heavily used in the Bay Area.”

Full Article Here

September 23, 2009 - Posted by | Banking, Foreclosure, Lending, Stats

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