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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (166245)12/10/2008 1:34:51 AM
From: PerspectiveRead Replies (1) of 306849
 
CR, if you get a chance, I'd be curious if you knew anywhere to dig for info on this:

calculatedrisk.blogspot.com

many existing properties were recently purchased at prices that were based on overly optimistic pro forma income projections. These loans typically included reserves to pay interest until rents increased (like a negatively amortizing option ARM), and it is likely that many of these deals will blow up when the interest reserve is depleted - probably in the 2009-2010 period.

Any idea how to research which borrowers used these loans, and who ended up holding them?

Thanks for all the great work,
`BC
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