Anyone See 60 Minutes Mortgage Meltdown Video?
December 15, 2008 by admin
60 minutes did a story on the next wave of defaults coming in 2009 and 2010. ALT-A and “pick a payment” loan resets will make the subprime look like childs play. Read my Mortgage melt down post here.
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[...] there is a massive reset of “pick payment” and “ALT-A loans” sent to re-adjust starting Q1 2009. This reset will make the subprime debacle look like [...]