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April 28, 2009

Mortgage Losses Won't Peak 'Til 2012?

For my part, I remain convinced that without serious efforts at foreclosure abatement (ideally via property appreciation rights), mortgage losses will begin to creep higher later this year, surging in mid-2010, remaining high through 2011, and peaking in early 2012. To believe that we are through with this crisis or the associated losses is to completely ignore the overhang of mortgage resets that still remain from the final years of the housing bubble.
— John Hussman on Seeking Alpha




Posted by Brownstoner at 10:15 AM
Categories: Market

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