A Second Mortgage Disaster On The Horizon?
SECOND WAVE YET TO COME IS CLAIMED IN THE
WATCH -> 60 Minutes (CBS) Mortgage Shock Still to Come !
Read the transcripts and detail on this CBS 60 Minute 12/14/08 Article
More to come after the government has already spent 2 trillion already on what was thought as just a sub-prime barrow caused problem and now we can look forward to the
NEXT ARE THE “OPTION-ARM” WHICH IS ESTIMATED TO BE COMPRISED OF ANOTHER 1 TRILLION MORE AND THE “ALT-A” 600 BILLION MORE…
In April 22 Reuters Foreclosures to affect 6.5 million loans by 2012
or would you believe it really is more like the prediction on
December 08 Credit Suisse Forecast: 8.1 million foreclosures by 2012
The Real Estate Mortgage Association predicted today that 1 out of every 10 are behind right now on loan mortgage payment.
THEN COMES THE BURSTING OF THE COMMERCIAL REAL ESTATE BUBBLE TO FOLLOW
Learn more from Whitney Tilson commenting on what Warren Buffett is betting on.
