Another Dispatch from the Housing Market

Riding the Boom

Grainger David
Fortune, May 30, 2005.

…In 2001, just 1.6% of all new U.S. motrgages were interest-only. But last year, a stunning 31% were. If there’s any sign that a downturn could get loads of folks in trouble, that’s it…

The coming downturn would not be a pretty picture…

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