More Housing Headaches Loom While Economy Is in Flux (San Diego Business Journal)
Story date: 2008-07-13 04:25:15
Added on: 2008-07-13 05:13:59
After predicting that home foreclosures would peak in mid-2008, economists are now bracing for a second wave of bank takeovers. About $400 billion in negative amortization loans are scheduled to reset in 2011, which could leave thousands of homeowners owing more than their homes are worth.
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