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€˜Walkaway€™ homeowners in US market might be an urban myth

More Home Equity Loan Blog Posts
... that the real culprit in the meltdown is the proliferation of exotic mortgages that hit borrowers - many with paltry down payments and therefore almost no equity in the home - with huge payment shocks in the early years of the loan. ...


Source Blog Post
http://idealresidence.wordpress.com/2008/05/13/walkaway-homeowners-in-us-market-might-be-an-urban-myth/

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'Walkaway' Homeowners May Be Myth; Bankers And Analysts Say Many ... ... that the real culprit in the meltdown is the proliferation of exotic mortgages that hit borrowers -- many with paltry down payments, and therefore almost no home equity -- with huge payment shocks in the early years of the loan. ...

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