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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (755)	9/4/2001 12:11:31 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

The story's mention of foreclosures in mobile home sector leads me to believe that this is where the institutions are already seeing the increased default rate. No surprise there--plenty of credit risk, bad credit, subprime lending and predatory lending. Low-income buyers who lack the education or knowledge to protect themselves need better protections from loan sharks. Also re: layoffs at Fidelity. Fidelity owns real estate title insurance businesses and is bracing for a decline in sales, perhaps.