The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (6013)	10/12/2002 11:35:10 AM
From: patron_anejo_por_favor	Read Replies (3) of 306849

<<Vijay Lala, Countrywide's senior vice president for product development, said his company plans to market to borrowers nervous about their abilities to keep their payments current in a worrisome economy, and to anyone whose monthly income rises and falls seasonally. "We have done a lot of research" on consumers' underlying fears about taking on large mortgage debts, Lala said. "We want to be able to reach out to borrowers who are afraid to make the leap.">> UFB! These guys aren't gonna stop until the taxpayers have to bail out Fannie in the trillions!<NG> Maybe, just maybe, the borrowers are exercising some (badly-needed) caution and restraint. Securitizing every debt means NO ONE cares about the risk of a loan until it's too late. This will end very, very, very, very badly.

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