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

To: MulhollandDrive who wrote (7981)	1/7/2003 5:42:11 PM
From: MSI	Respond to of 306849

Wash Mu already has a loan "product" that each month allows you to have FOUR choices of payment: #1 - 30yr fixed, #2 - 15 year fixed, #3 - 30yr ARM, or #4 - a "skip this month" option, producing negative amortization All they gotta do is add a fifth option when things get really tight... Option #5 - "holy crap, outta work until further notice", negative amortization indefinitely. Don't tell Greenspan, just keep that baby on the books like a Japanese bank. Kinda like the federal debt, just keep rolling it up, no worries, when it hits $10 trillion we'll do something non-Kensyian about it, meanwhile call it "pump-priming" and party like 1999 -g-