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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (5262)9/12/2002 4:30:30 PM
From: MulhollandDriveRead Replies (2) of 306849
 
the default rates could surged that quarter for any number or reasons.

(not having Q1 99 economic statistics readily at hand)

but what is your point? there was a spike in foreclosures when the economy was stronger, and there is a spike now that the economy is weak?

all that implies is we may be in for even higher foreclosure rates.

the spike in Q1 99 could have been a result of mortgage holders accelerating bad loans off of their books..

i really don't know.
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