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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Hawkmoon who wrote (110859)3/17/2008 9:23:56 AM
From: Smiling BobRead Replies (1) of 306849
 
I wonder how many homes purchased in 05-06 were truly owner occupied. No way of telling due to misrepresentations on docs.
Depending on historical norms and just throwing out numbers, 50% of those so-called AAA tranches could be investor/speculator walkaways and 25% could be sub-primes leaving maybe 25% as potentially good loans- or worse.
The total RE value backing them could be a lot less than 50%
There's a flood of uncertainty for good reason
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