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

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To: Ramsey Su who wrote (53683)2/14/2006 11:35:18 AM
From: loantech  Read Replies (1) of 110194
 
Ramsey,
NO GREEB day you worry way too much! <G>

<Loan fears exaggerated?

The losses from risky new adjustable-rate loans won't be as bad as many fear, according to a study by a division of title insurer First American Corp. As rising rates push up mortgage payments, defaults could reach $110 billion over the next five years, accounting for about 1 percent of home sales through 2004 and most of 2005. "It's not great," said a First American Real Estate Solutions economist, "but it doesn't break the economy." A UCLA economist warned the picture could darken if the economy sours and large numbers of homeowners lose their jobs. (Los Angeles Times, free registration required)>>>

finance.yahoo.com

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