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

To: nextrade! who wrote (5625)	9/27/2002 12:31:29 PM
From: Ahda	Read Replies (1) \| Respond to of 306849

The record number of Americans currently refinancing their mortgages is taking its toll on companies that service real estate loans. Cendant Corporation announced yesterday that it will take a massive write-down on its servicing assets. It to me is a very high risk market you have reduction of income and easy access to additional income by refinancing. The url below clearly shows the drop in income if these are exaggerated compared to most reality is that income levels are at best stagnant. cfo.com