Massive Refinancing Left Market With a Ticking Bomb

Editor's Note: This article was written by Keith Jurow who currently writes about overlooked aspects of the housing debacle. This piece was originally posted on Real Estate Channel.During the four key years of the housing bubble (2003-2006) an incredible number of mortgages were refinanced. In another article Investors Played a Key Role in Creating Housing Bubble I pointed out that homeowners...