The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (45998)	11/22/2005 6:56:53 PM
From: John Vosilla	Read Replies (2) of 110194

<When these deadbeat borrowers started getting foreclosed upon, they are going to be squealing. Furthermore, I am still convinced that some lawyer is going to pick up on the stated income angle and file some massive lawsuit. I bet you that it would not be difficult to find a few borrowers who had been coached by mortgage brokers to "state" their income "appropriately".> Great point and makes the risk even greater of collapse in subprime lenders down the road. Fastest growing homeowneship rates these days in black and hispanic demographics. Ownership society and push for over 70% homeownership rate. Blame Washington. Blame Wall Street..It will be just in time for 2008 elections..

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