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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST
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To: elmatador who wrote (25836)11/29/2007 6:48:34 PM
From: Maurice Winn  Read Replies (1) of 218131
 
That's not many: <streamline the loan-workout process and extend for at least several years the initial mortgage rates for struggling subprime borrowers. With some 500,000 loans scheduled to reset in the state over the next two years, California officials say the changes could help some 100,000 homeowners. > There must be millions of houses in California. Here it is: quickfacts.census.gov

12 million housing units and 36 million people.

So if 500,000 loans are reset and they all go broke, that's only 1 house in 20. That's not a big deal.

Is the whole housing panic just a fizzer?

Mqurice
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