The housing crisis will peak in 2011

By Geert De Lombaerde Posted on October 28, 2009 at 11:59 am

Now that the subprime mortgage default wave has played itself out, it’s time to prepare for the damage that will be inflicted by souring option ARMs. The rates on many of those loans will start resetting next spring.

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Tags: banking, economic indicators, housing market, mortgages, option ARMs, residential real estate

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The housing crisis will peak in 2011

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