March 11, 2008
The Worst of Home Foreclosures Yet to Come
Foreclosure avalanche triggered by subprime mortgages started in 2007 will peak in 2008, based on the data from Credit Suisse via the IMF. Following chart from Credit Suisse via the IMF shows the heavy subprime resets in 2008. Number of home foreclosures will be down in 2009. However, the worst is still not over yet. Starting from 2010, home foreclosures due to the reset problems with Alt-A and Option Adjustable Rate Mortgage (ARM) loans will show up if there is nothing to be done.
Filed under Stop Foreclosure by John W.
Pownce it!