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.
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The Global Financial Crisis »The Global Financial Crisis
Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
More financial institutions will collapse »More financial institutions will collapse
Financial institutions will suffer further capital losses »Financial institutions will suffer further capital losses
Financial institutions forced to write off bad debts »Financial institutions forced to write off bad debts
Many homeowners will default on mortgage and loans
People in negative equity can abandon the mortgage »People in negative equity can abandon the mortgage
Wave of option adjustable rate mortgage deafults to come »Wave of option adjustable rate mortgage deafults to come
Many homeowners will default on mortgages and loans »Many homeowners will default on mortgages and loans
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