A spirited discussion of real estate, jumbo loan lending and the economy.
Monday, December 6, 2010
How the Mortgage Bubble Really Topped Out.
Part of the trillions in bad loans were the option ARMs(pick-a-pay) This nice FED produced map brings a lot of clarity via time series spread of complex mortgages shown in a recent Chicago Fed publication. Nothing like a good real estate crash to bring things to a halt CLICK IMAGE FOR LARGER VIEW: