It begins - Option ARM resets / recasts
By Daniel at 12 January, 2010, 5:53 pm
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The next residential mortgage default wave to slam ashore…. The warnings about this have been sounding for months.
MORE HOMEOWNERS STRUGGLING AS OPTION ARMS RESET HIGHER
CNBC
Published: Tuesday, 12 Jan 2010
Thousands of American homeowners are starting to see their monthly mortgage payments skyrocket, dealing a fresh blow to the already shaky housing recovery.
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“It’s going to kill off housing,” warns Patrick Pulatie, CEO of Loan Fraud Investigations, a predatory lending audit firm.
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http://www.cnbc.com/id/34729005
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