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Lenders face challenges as mortgage rates reset this summer

 
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Shemaiah
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Joined: 25 May 2006
Posts: 1512
PostPosted: Sat Jul 05, 2008 10:13 am    Post subject: Lenders face challenges as mortgage rates reset this summer Reply with quote
The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders to keep those people out of foreclosure and stabilize the housing market.

[url=http://us.rd.yahoo.com/dailynews/rss/search/mortgage+interest+rate/SIG=13ti1scnu/*http%3A//www.statesman.com/business/content/business/stories/realestate/07/05/0705mortgages.html?cxtype=rss&cxsvc=7&cxcat=3]Read more...[/url]
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