As rates soar, 2.2 million Americans risk losing homes this year
http://news.yahoo.com/s/afp/20070314/ts ... 0314133106
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Edwardsen, a 47-year-old assistant optician, was tempted to take out a special high-risk loan targeted at people with low credit ratings. Today her monthly repayments have soared to 2,800 dollars, yet she only takes home 1,600 dollars.
She is among 2.2 million people across the US who risk forfeiting their homes by the end of the year as they struggle to meet monthly repayments swollen by rising interest rates, and triggering fears that a financial crisis could sweep US lenders.
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As rates soar, 2.2 million Americans risk losing homes
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senimu
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Re: As rates soar, 2.2 million Americans risk losing homes
senimu wrote:As rates soar, 2.2 million Americans risk losing homes this year
http://news.yahoo.com/s/afp/20070314/ts ... 0314133106
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[i]Edwardsen, a 47-year-old assistant optician, was tempted to take out a special high-risk loan targeted at people with low credit ratings. Today her monthly repayments have soared to 2,800 dollars, yet she only takes home 1,600 dollars.
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