Alt-A and Option Arm mortgages

[TheDeeble]

For those who are financially savvy......How much damage does the collapse of these mortgages pose?

I caught a piece on cbs website from 60 Minutes about these types of mortgages and the outlook was very grim. They make it sound like the past few months are nothing compared to what's coming in the next 2-3 years.


The Mortgage Meltdown Video - CBSNews.com

 

[BigPapaVol]

For those who are financially savvy......How much damage does the collapse of these mortgages pose?

I caught a piece on cbs website from 60 Minutes about these types of mortgages and the outlook was very grim. They make it sound like the past few months are nothing compared to what's coming in the next 2-3 years.


The Mortgage Meltdown Video - CBSNews.com

they do pose a threat, but do keep in mind that it was 60 minutes.

 

[joevol320]

they do pose a threat, but do keep in mind that it was 60 minutes.

yeah, if it's on 60 minutes, i'm sure it's not as bad as they portray it.