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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: elmatador who wrote (46967)2/28/2009 4:54:00 PM
From: Cogito Ergo Sum  Read Replies (1) of 219937
 
Not really.. the banks aren't holding (don't want to hold) these mortgages but packag them as I guess ... 'mortgage backed securities' :O) but there is that nasty 300K gap in what the collateral is estimated to be worth.. It's not simply the values of a house but the question of the ability of the mortgages to be carried (repaid in a steady fashion) by the homeowner..

TBS
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