Analysts Are Looking Hard At Rate Shock and The Possible Fallout
Monday, September 11th, 2006
The concept of href="http://www.mortgagenewsdaily.com/8242006_Rate_Shock.asp" mce_href="http://www.mortgagenewsdaily.com/8242006_Rate_Shock.asp">rate
shock is getting a lot of press and a portion of it is pretty scary.
BusinessWeek.com has just published a stunning article that postulates that
the fallout from "exotic" mortgages - i.e. interest only
and option mortgages - will reach far beyond homeowners who took on these
obligations either not understanding the ramifications or thinking they
could game the system. According to the article Nightmare
Mortgages...
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