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

To: patron_anejo_por_favor who wrote (3330)7/10/2002 5:34:34 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
Something my banker told me years ago is that that defaults peak at the beginning of an economic recovery following a recession, not during a recession. I assume that statement was based on recent modern recessions which all tended to be of a reasonable duration, rather than the Great Depression which saw the greatest number of defaults and forclosures.



To: patron_anejo_por_favor who wrote (3330)7/10/2002 5:35:32 PM
From: yard_manRespond to of 306849
 
I know -- i was being sarcastic -- when it is clear this is going up for everyone -- the bloom comes off all of it -- from FNM, PMI to the homies, the homies supply depots -- all of it -- weeks or days away from the realization, IMO.



To: patron_anejo_por_favor who wrote (3330)7/10/2002 11:40:07 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
A must read...what's he gonna say? Taxpayer at risk?

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