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<blockquote data-quote="The Other Side" data-source="post: 1030547" data-attributes="member: 17969">There are several types of loans coming up. Yes, commercial real estate loans (10 year interest only) will be crashing next year along with the 10 yr and 12 year interest only home loans written after 2003.Those loans were written for the highest amounts of money..&nbsp; 700K to 1.5 million.&nbsp; Cities like San Diego still have the highest percentage of interest only loans still to burst. The median price of home sold in 2004 in San Diego was 950K and those loans are about to blow up.Home prices are NO WHERE near those prices and home owners cant refi, sell, modify or take advantage of low interest rats without the help of the goverment under HARP III that hopefully is coming shortly.The BUSH home ownership society program was a giant failure on many fronts and we have yet to get through it.PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 1030547, member: 17969"] There are several types of loans coming up. Yes, commercial real estate loans (10 year interest only) will be crashing next year along with the 10 yr and 12 year interest only home loans written after 2003. Those loans were written for the highest amounts of money.. 700K to 1.5 million. Cities like San Diego still have the highest percentage of interest only loans still to burst. The median price of home sold in 2004 in San Diego was 950K and those loans are about to blow up. Home prices are NO WHERE near those prices and home owners cant refi, sell, modify or take advantage of low interest rats without the help of the goverment under HARP III that hopefully is coming shortly. The BUSH home ownership society program was a giant failure on many fronts and we have yet to get through it. Peace TOS [/QUOTE]

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