Monday, March 13, 2006

Coming Soon: Mortgage Payment Resets : "You may have missed this over the weekend: The Saturday WSJ reports that More than $2 trillion of U.S. mortgage debt, or about a quarter of all mortgage loans outstanding, comes up for interest-rate resets in 2006 and 2007, estimates Moody's" —The Big Picture

Ever since I drank the Kool-Aid last year at the Web 2.0 conference I haven't posted much about the downside of the housing bubble, but this is important. I have nothing clever to add.