Comments on: Another State Moves on the Mortgage Crisis http://washingtonindependent.com/134/another-state-moves-on-the-mortgage-crisis National News in Context Wed, 25 Nov 2009 11:50:26 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Amy_Roberts http://washingtonindependent.com/134/another-state-moves-on-the-mortgage-crisis/comment-page-1#comment-38229 Amy_Roberts Mon, 13 Oct 2008 11:54:05 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=134#comment-38229 California is to mortgage lending what Chicago is to pork bellies. Just kidding. California should be the poster child for a mortgage-loan bailout. In few other places have so many taken on such onerous debts with so little equity. Unfortunately, the crisis in California is going to get much worse, and there is no bailout that will solve it. Why? Because if the first stage of the foreclosure crisis was about people who could not afford their <a href="http://www.mortgagefit.com" rel="nofollow">mortgages</a>, the next stage will be about people who have every reason not even to try to pay their mortgages. Unfortunately, when it comes to the California crash, these striking numbers are not the end.Option ARM loans were heavily marketed to upper-tier home buyers in California. It's hard to know how bad the option ARM crisis will be before it actually happens.<br><br>Source: <a href="http://www.mortgagefit.com" rel="nofollow">www.mortgagefit.com</a> California is to mortgage lending what Chicago is to pork bellies. Just kidding. California should be the poster child for a mortgage-loan bailout. In few other places have so many taken on such onerous debts with so little equity. Unfortunately, the crisis in California is going to get much worse, and there is no bailout that will solve it. Why? Because if the first stage of the foreclosure crisis was about people who could not afford their mortgages, the next stage will be about people who have every reason not even to try to pay their mortgages. Unfortunately, when it comes to the California crash, these striking numbers are not the end.Option ARM loans were heavily marketed to upper-tier home buyers in California. It's hard to know how bad the option ARM crisis will be before it actually happens.

Source: http://www.mortgagefit.com

]]> By: Amy_Roberts http://washingtonindependent.com/134/another-state-moves-on-the-mortgage-crisis/comment-page-1#comment-8872 Amy_Roberts Mon, 13 Oct 2008 04:54:05 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=134#comment-8872 California is to mortgage lending what Chicago is to pork bellies. Just kidding. California should be the poster child for a mortgage-loan bailout. In few other places have so many taken on such onerous debts with so little equity. Unfortunately, the crisis in California is going to get much worse, and there is no bailout that will solve it. Why? Because if the first stage of the foreclosure crisis was about people who could not afford their <a href="http://www.mortgagefit.com">mortgages</a>, the next stage will be about people who have every reason not even to try to pay their mortgages. Unfortunately, when it comes to the California crash, these striking numbers are not the end.Option ARM loans were heavily marketed to upper-tier home buyers in California. It's hard to know how bad the option ARM crisis will be before it actually happens.<br><br>Source: <a href="http://www.mortgagefit.com">www.mortgagefit.com</a> California is to mortgage lending what Chicago is to pork bellies. Just kidding. California should be the poster child for a mortgage-loan bailout. In few other places have so many taken on such onerous debts with so little equity. Unfortunately, the crisis in California is going to get much worse, and there is no bailout that will solve it. Why? Because if the first stage of the foreclosure crisis was about people who could not afford their mortgages, the next stage will be about people who have every reason not even to try to pay their mortgages. Unfortunately, when it comes to the California crash, these striking numbers are not the end.Option ARM loans were heavily marketed to upper-tier home buyers in California. It's hard to know how bad the option ARM crisis will be before it actually happens.

Source: http://www.mortgagefit.com

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