Nontraditional Mortgage Guidance: "Within a Few Months"

Submitted by
CalculatedRisk on Fri, 08/18/2006 - 7:18pm (3 comments)
HARM wrote on Sat, 8/19/2006 - 1:23 am

Clearly the FDIC has its facts wrong here. I've been assured by perma-bulls that the only people taking out option-ARMS are ultra savvy, wealthy people, who are simply using them to optimize cash-flow.

Bwaaaahahahaha(gasp)ahahahahaha!!!

Renterfornow wrote on Sat, 8/19/2006 - 6:36 am

Unbelievable.

Everyone is scrambling to cover their @SSE$.

And Greenspan left just in time stage left.

Jeff wrote on Mon, 8/21/2006 - 9:11 am

We are so screwed. 70 percent of them are adding principal as their equity drops? THat's nuts!

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