 - Last login: 7 hours agoBgamall
- Gary Anderson is a 59 year old married guy from Nevada, USA.
- Likes 1,426 pages, 25 videos, 67 photos • 113 fans • Received 23 reviews
- Member since May 11, 2007
Welcome! The fire pic is the Lake Tahoe Angora fire. I like ORANGE but not fire.
I have strong views about 9/11 because explosive caused squibbs were observed in all three towers. The voiding of contracts in Iraq is proof that the US went in to steal oil. New Covenant Theology is vitally important to me.
I grew up in Coalinga, California class of 1967. Click on my tags to see my views on popular subjects.
Favorites » His Blog
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Mortgage crisis seeps to prime loans - USATODAY.com
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May 12, 2:59pm
1 review
•http://www.usatoday.com/money/2008-05...
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This article previews the inevitable, that prime loans will go south. This will happen because prime borrowers also bought more house than they could afford, believing lying Lereah's contention that RE always goes up. Prime borrowers will be underwater en masse fairly soon, and since many used alt a and option arm loans, those should hit hardest in 2009-2011. So don't think this RE crisis is over. It isn't.
From the site: "The first concrete evidence that delinquencies on mortgage bills have spread well beyond those with subpar credit shows that even prime borrowers have increasingly fallen behind on their house payments.
The figures remain relatively small so far. But if they rise further, delinquencies on prime loans -- given only to those with good credit -- could prolong the housing crisis."
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