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Ready for the next wave of foreclosures?

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Old 12-16-2008, 07:38 AM
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I remember those kind of mortgages. I used to work for a large sub-prime lender, and helped produce the marketing for those things. The Alt-A and option-arm mortgages looked VERY tempting and good to people, so I'm sure there are tens of thousands of them out there.
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Old 12-16-2008, 07:49 AM
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Where is Bert????? I'm surprised he hasn't chimed in on this yet... Can someone check to see if he is ok???
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