Capital One Closes Wholesale Mortgage Unit

JAP said: "It's only going to get worse and worse... [URL="http://biz.yahoo.com/prnews/070820/nem083.html?.v=17"]http://biz.yahoo.com/prnews/070820/nem083.html?.v=17[/URL]"

FirefighterB said: "[QUOTE=JAP]It's only going to get worse and worse... [URL="http://biz.yahoo.com/prnews/070820/nem083.html?.v=17"]http://biz.yahoo.com/prnews/070820/nem083.html?.v=17[/URL][/QUOTE] Where was that post with the JPM article on the amount of loans resetting by month? We've just begun to hit the bad stuff, of which will take up the next 2 years. We're not even CLOSE. Seriously, who the hell can afford a house nowadays? In my mind, these prices have got to still drop quite a bit for the average American blue (hell, even white) collar worker to actually be able to afford them."

newinvestor123 said: "[QUOTE=FirefighterB]Where was that post with the JPM article on the amount of loans resetting by month? We've just begun to hit the bad stuff, of which will take up the next 2 years. We're not even CLOSE.[/QUOTE] [IMG]http://www.smugmug.com/photos/136440158-O.png[/IMG]"

JAP said: "[quote=FirefighterB]We've just begun to hit the bad stuff, of which will take up the next 2 years. We're not even CLOSE. [/quote] Exactly. I figure by 2010 or 2011, I'll have enough cash saved to purchase my San Diego home at a bargain basement price. New, thanks for re-posting that chart. Anyone with an ARM loan has brown stains in their pants right about now. :laugh:"