Talking about Is Greenspan trying to cool housing market? - Martin Wolk: Eye on the Economy - MSNBC.com
AG is right to be worried about the housing market. Taking an interest loan or one with an ARM depending upon the trend may expose the mortgage holder to a situation in which they now owe more money then the house is worth.
The next hit comes from these homes reside in Common Interest Communities, CIC, and other owners experience the same thing and no one is paying their association dues. Kindof what I pointed out in my first post..
Is Greenspan trying to cool housing market? - Martin Wolk: Eye on the Economy - MSNBC.com
Look what I found a blog from me on June 10th 2005 about these ARMS......This was know because I wrote letter and faxed them to the head of the Fed. Greenspan and he never replied.
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