A Good Study Of How The Housing Crash Is Changing A Lender

" "Delinquency trends in September rose sharply versus even August at IndyMac and for the industry," he said, singling out "piggyback" loans, or loans taken out by those who don't come up with a significant down payment and so take out a second loan to cover the purchase price. Some of these second-lien loans are proving worthless as home prices fall. "We're writing them off," "