Many homeowners will default on mortgage and loans
Many homeowners will default on their mortgage payments and consumer loans, especially as house values fall below the mortgage values.
Immediately related elementsHow this works
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The Global Financial Crisis Â»The Global Financial Crisis
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Potential consequences of the financial crisis? Â»Potential consequences of the financial crisis?
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More financial institutions will collapse Â»More financial institutions will collapse
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Financial institutions will suffer further capital losses Â»Financial institutions will suffer further capital losses
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Financial institutions forced to write off bad debts Â»Financial institutions forced to write off bad debts
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Many homeowners will default on mortgage and loans
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People in negative equity can abandon the mortgage Â»People in negative equity can abandon the mortgage
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Wave of option adjustable rate mortgage deafults to come Â»Wave of option adjustable rate mortgage deafults to come
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Many homeowners will default on mortgages and loans Â»Many homeowners will default on mortgages and loans
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