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Expect more home foreclosures as Alt-A loans and Option ARMs reset in 2010-2011

11/09/2009
By Carol Hines
Expect more home foreclosures as Alt-A loans and Option ARMs reset in 2010-2011

According to columnist James Overstreet at commercialappeal.com the mortgage crisis is poised to attack again. Defaulting subprime mortgages mauled the economy in 2008, triggering the economic meltdown. Less risky mortgages (Alt-A and Option ARM loans) are scheduled to reset next year and in 2011. So the economy faces increasing foreclosures, higher housing inventories and...
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