Treasury Mortgage Fix Plan is a Bad Idea
Abstract:
The specter of two million teaser rate subprime mortgages resetting to higher interest rates next year is a nightmare for the housing, mortgage and investment industries, may push the broader economy into recession and is a personal disaster for hundreds of thousands of homeowners who will lose their home or be forced to constrain the rest of their household budget to keep their home.
Comments
No comments posted for this article yet
The specter of two million teaser rate subprime mortgages resetting to higher interest rates next year is a nightmare for the housing, mortgage and investment industries, may push the broader economy into recession and is a personal disaster for hundreds of thousands of homeowners who will lose their home or be forced to constrain the rest of their household budget to keep their home.