Posted on June 19th, 2009 in
Home Mortgage
Mortgage Trap Mires NYT Economics Reporter in Debt, Fear: BooksBloomberg
“Don't worry,” a mortgage-loan officer at American Home Mortgage Investment Corp. tells him. “The value of your house will be higher in five years. You'll be able to refinance.” The bubble zeitgeist is captured in chapter titles: “Money for Nothing” is …
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