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US mortgage crisis predicted to get worse as home loan defaults soar

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anhinga

posted on Oct, 10 2007 @ 06:30 AM
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US mortgage crisis predicted to get worse as home loan defaults soar


business.timesonline.co.uk

America’s mortgage crisis is likely to get considerably worse because the level of fraudulent lending to unsuitable borrowers was much higher than previously estimated, Standard & Poor’s said yesterday.
(visit the link for the full news article)


anhinga

posted on Oct, 10 2007 @ 06:30 AM
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see article

business.timesonline.co.uk
(visit the link for the full news article)

Mod Note: Starting A New Thread – Please Review This Link

[edit on 10-10-2007 by Jbird]


Oldtimer2

posted on Oct, 10 2007 @ 06:43 AM
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I know I sold my place at the right time,had it closed a month later I would have lost about 40k,now I'll wait a while well market falls and buy another place



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