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: MulhollandDrive who wrote (119122)	4/29/2008 12:01:48 AM
From: Jim McMannis	Read Replies (3) of 306849

Mortgage legend says price slump deeper than seems news.yahoo.com BEVERLY HILLS, California (Reuters) - The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress. "I think the actual price declines are bigger than the indexes are showing, since so little is being sold," Lewis Ranieri, CEO of Ranieri & Co., said in an interview on the sidelines of the Milken Institute Global Conference. more

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