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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (62684)4/25/2005 12:19:20 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
Hi Ramsey - Will drop real estate prices hit the mortgage insurance guys, or will it take actual non-payment of mortgages ?

The people flipping properties might give the keys to the lenders immediately - especially with the new bankruptcy law taking effect in about 180 days.

With many 2 income households, unemployment insurance, and relatively low payments due to low interest rates, won't this take some time to develop for the actual resident owners ?