The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (84781)	8/12/2007 8:05:24 AM
From: Smiling Bob	Read Replies (1) of 306849

There's always going to be pools of buyers ready to pick up distressed properties at various discounts. The lower it goes, the bigger the pool. As to be expected, lenders aren't about to give properties away. Who within wants to authorize properties be sold at huge discounts and the lenders takes huge losses from the beginning? They will protract the pain and spread the losses over time. The stronger, better capitalized lenders with the least exposure will weather the storm. Has anyone done in depth reviews of lender balance sheets to see who's holding onto what? I had happened upon MTB stubbornly refusing to acknowledge losses on 883 million in Alt A loans they're holding. Message 23690960

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