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60 Minutes - Second Wave of Mortgage Defaults

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MrGump
Co-Captain

Joined: Mar 22, 2008
Posts: 759

Posted: Sat Jan 16, 2010 1:10 pm Post subject: 60 Minutes - Second Wave of Mortgage Defaults

I know I know, politics make baby Jesus cry and baby Jesus is not real and no one wants to see him, but this is more like finance not really politics i guess. I just thought you guys needed to know, thank me or curse me later. Xoxo http://www.youtube.com/watch?v=KhEsqLcWHyA http://www.youtube.com/watch?v=HGUPKoq38fM _________________ Current favorite Bible quote is: Deut 25:11-12 http://bible.oremus.org/?passage=Deut+25%3A11-12

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Sos_your_face
Clan [BGE] Member

Joined: Mar 19, 2008
Posts: 2274

Posted: Sat Jan 16, 2010 3:07 pm Post subject:

I haven't watched the clips, but tell me if I'm right. This is about all the ARMs recasting soon? _________________

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MrGump
Co-Captain

Joined: Mar 22, 2008
Posts: 759

Posted: Sat Jan 16, 2010 3:52 pm Post subject:

It talks a lot about the South Florida market, you will find them very interesting, but I don-t remember it being about Adjustable Rates Recasting, although a lot of people in real estate are worried about that too. _________________ Current favorite Bible quote is: Deut 25:11-12 http://bible.oremus.org/?passage=Deut+25%3A11-12

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Sos_your_face
Clan [BGE] Member

Joined: Mar 19, 2008
Posts: 2274

Posted: Sat Jan 16, 2010 4:18 pm Post subject:

Hmmm ok then I'll watch them later on. _________________

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anitahummer
Clan [BGE] Member

Joined: Jun 28, 2008
Posts: 31

Posted: Sun Feb 07, 2010 9:39 am Post subject:

they wont adjust arms too much. with as weak as the real estate economy is at this point and with as many ppl bailing on mortgages the only choice the lenders have is to maintain course. and pray that nothing worse happens.

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