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: GST who wrote (78503)	2/5/2007 1:28:56 PM
From: John Vosilla	Read Replies (1) of 110194

'While these homeowners can still possibly default on their mortgages, usually due to job loss, divorce, serious illness, or death, such events represent only the normal background rate of default and lender loss. By definition, these mortgages will not experience reset difficulties – in particular, they will not experience reset sensitivity.' Many of the policies of recent years will work against these people. Inflation will not bail them out. Many more than in previous cycles to get squeezed by RE taxes, insurance and rising rates in addition to the incredible debt burdens relative to cash flow they face..

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