New Real Estate Mortgages Update

News Sources wrote an interesting post today on
Here’s a quick excerpt
“The worst is yet to come. Typically there’s a lag between when the economy softens and when the defaults actually occur.” -Steven Kandarian, MetLife Inc. Chief Investment Officer > Ahhhhh, its nice to see that sophisticated professionals make the same mistakes that Mom & Pop did during the credit bubble: Interest-Only Mortgages: “Investors in bonds that packaged $62 billion of debt for U.S. offices, hotels and shopping malls are bracing for more loan defaults through 2010 as

Read the rest of this great post here

This entry was posted on Thursday, June 11th, 2009 at 5:41 am and is filed under Real Estate Mortgages.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.