Shiller, Case: Prime Mortgages Are Next Time Bomb

Thursday, 07 Jan 2010 08:36 AM
By: Dan Weil

Real estate gurus Robert Shiller and Karl Case say the mortgage crisis will now spread even to homeowners with strong credit scores.

The two co-founded the S&P/Case-Shiller Home Price Index. Shiller teaches at Yale and Case at Wellesley College.

“There will be continuing foreclosures, and not just subprime, it will be prime mortgages,â€