Please air all the dirty laundry and tell us why borrowers might not be able to afford their loans in the next few years. Remember, you’re anonymous as long as you want to remain that way. So no one will call you at the office.
Did borrowers get in over their heads and take on debts they could not handle. How much are buyers depending on appreciation? Are they refinancing ARMs into other ARMs in order to yet again delay making higher payments? Were “investors” getting loans as “residents” then ending up with 2 mortgages?
