Spiga

ALT-A Starting to Crumble...


Has anyone taken a look at IndyMac Bank recently??? IMB Ticker. Wow. Looks like we have subprime number two coming on strong...
Check out this analysis from the Mortgage Guy...



Basically, the dollar volume and size of loans is bigger then Subprime, and its going the same way. 2009-2011 is the major nuclear winter of resets for these mortgages......End of post

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