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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (150960)	2/13/2002 4:44:45 AM
From: LLCF	Read Replies (1) \| Respond to of 436258

I love this kind of talk: < Moreover, as shown in Chart 6, household mortgage debt-servicing burdens are higher today than they were in the early 1980s (as far back as these data go). So, homeowners could have a more difficult time staying current on their mortgage payments. At the same time, because they have less equity in their houses, they have less of an incentive to stay current. Because banks have considerably higher combined direct and indirect exposure to the mortgage market (who doesn't own tons of Fannie and Freddie paper?) than they did in the late 1970s - early 1980s, rising mortgage defaults could make the late 1980s Texas debacle look like a picnic. > northerntrust.com When the dollar crashes THAT's when to buy FNM pooooots. DAK