MrBuzz

Alt-A Loans Spiraling Downward

There is about:

$1,000,000,000,000 in outstanding ALT-A loans - Most will default if not yet
600,000,000,000 in outstanding Option ARM loans - about to hit deadline.

This on top of the 1 trillion in sub-prime. Andyou see end in sight in next year. Thats foolish talk. Like living in a dream world.

It can be fixed. We can let "primary" homeowners who live in home to stay. One of the reason they are in trouble is the ARM reset. Well the Fed has rates much lower then back then. Now reset to the FED prime and make it for 30 year fixed. No more f....ing with the poor homeowner and public.

Lets make real decisions. Fix real problems with real soutions.