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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: BWAC who wrote (74509)3/22/2007 10:24:39 AM
From: Jim McMannisRead Replies (1) of 306849
 
My guess is that some banks are reaching critical mass on late mortgages. In that the stacks of defaults is getting too high on their desk. They no longer can play tough guy.
If Hillary gets her way they won't be able to tack on their huge late fees and attorneys fees which give the borrower no chance of getting back on payment track after a few months.
We all knew this was coming. Just a matter of time.
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