Tweet Ouch I guess this title should be called “implosion”, not explosion. This option ARM implosion is hurting California so bad that people are actually moving out of the state.
Tag Archives: real estate news
Option ARM mortgages to explode (not in a good way)
Posted by taewoo on December 29, 2009
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Nowhere to go but up? Yeah right. And I’m the Superman.
Posted by taewoo on July 9, 2008
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Tweet Read this bogus junk they call “news” PMI Mortgage Insurance Co., has ranked the nation’s 50 largest metropolitan statistical areas according to the risk that home prices will decline further during the next two years. The highest risk is in areas where home price growth was the greatest during the housing boom. The lowest [...]