Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (46696)	8/9/2007 12:16:25 PM
From: CathyJ	Read Replies (3) of 78426

That answer will help but for those people who are in the middle of buying a home using a creative loan have now found themselves without financing. I average 3 emails a day revising the loans I can do because the mortgage backed securities can not be placed. The fallout will not only be in the foreclosures as we have seen but it will probably put a big halt on the overall purchases of homes, hurting lenders, Realtors and Average Joe wanting to own a home. I believe what was recently suggested is Freddie and Fannie to step up to the plate and take some of these loans usually assigned to MBS. The only homeownership I can guarantee these days is if I'm selling to Freddie or Fannie. All other bets are off, even if you are at the closing table! Just a few cents off topic, but something I can speak intelligently about. I'm still learning on gold & silver and juniors, only to hope to live to be a ripe old age and espouse on a board like this, while taking meds for a hip replacement, drinking, smoking and carousisng about! Cat

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