Marvin says, “Turmoil in the home loan market has hit Americans hard. But the real credit crunch is when consumers feel the full effects of higher home loan rates, yet to come. Top home loan lenders are warning that there could be a crisis of home buyers who come off low fixed-rate ¨teaser” loans between now and January 2008 who will not be able to re mortgage at prime rates and many may be forced to remain with their existing lender.”
This blog seeks to add to the publicity surrounding the sub prime mortgage crisis, eroding home loan availability, and the shrinking of consumer mortgage confidence, as well as help focus awareness on home loan issues that exist in this country.
"Affordable housing is crucial to strong families, strong communities and a strong economy," Mr. Chatinover declared. "Unfortunately, an alarming increase in mortgage foreclosures and the collapse of the sub prime home loan market have spawned a homeownership crisis in our country. Millions of American families are currently at risk of losing their houses and many more have been priced out of the market."
According to Mr. Chatinover the http://homeloans180.com/
News about the home lending market is worrisome these days. The American home loan crisis has produced a real estate dip with tumbling home prices and record foreclosures, and it now threatens to create the worst economic disaster in history. This crisis is beginning to broaden, moving into areas that have not yet felt the effect.
The http://homeloans180.com Blog helps interested people stay abreast of the latest news on the home loan crisis, sub prime loan effects, home interest rate news, mortgage issues and more.
