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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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From: ravenseye9/27/2007 1:39:52 PM
   of 5673
 
Subprime Mortgage Homeowners In Rocky Waters
Published: September 26, 2007
Washington, D.C. -- New data suggests that U.S.
subprime mortgage market losses will increase
as falling house prices negate refinancing
options for adjustable rate mortgage borrowers,
the Financial Times reports....
multi-housingnews.com
...Analysts now say house prices will likely
fall further, putting homebuyers who secured
subprime mortgages -- based on the belief their
rising home equity would allow them to
refinance their loans before rates increased --
in late 2005 and 2006 in serious trouble.
The price drops could leave those borrowers
with negative home equity....

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