Coming Our Way…

There is a HUGE problem headed our way. Think it’s bad now — look what this winter and next spring are going to bring.

According to BofA’s estimates, approximately $515 billion of ARMs are scheduled to reset in ’07, followed by approximately $680 billion in ’08. Furthermore, of these ARMs, we estimate that subprime loans consist of $400 billion (78%) in ’07 and $500 billion (73%) in ’08. Mortgage Correction Just The Tip Of The Iceberg


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