The Coming ARM Bomb

September 3, 2009 by Financemyhome · Leave a Comment

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Just when you thought it was safe. From all the data I’ve been reading, the next leg of foreclosures will involve ARM’s in the Alt A, Prime, and Subprime markets. Expect the foreclosure crisis to continue for a number of years. My guess is we return to a normal market in 2013. Hope it’s sooner. Here’s some concurring opinions and data to back it up.

http://www.businessinsider.com/henry-blodget-coming-soon-the-alt-a-mortgage-reset-bomb-2009-8

http://3.bp.blogspot.com/_pMscxxELHEg/SJ2TM6xk9FI/AAAAAAAACa4/z1O-B6zuGkQ/s1600-h/ClaytonAltA.jpg

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