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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Gary H who wrote (17001)1/24/2003 12:46:01 AM
From: ubetcha  Read Replies (1) | Respond to of 82147
 
Gary,
It will be a sad day for fannie maye and freddie mac in the future.
Yes, I agree, this will become a big thing in the future. I can remember paying 22% interest on a house, and actually taking out a loan at 18%. The only catch was it had negative amortization.
Today it is borrow at much lower rates, but borrow more than the house is worth today. What happens if you lose your job, or the value goes down, and you just leave. Saw that happen before, and it was not pretty. Would hate to be a bank in either case.
Terry



To: Gary H who wrote (17001)1/24/2003 5:20:03 AM
From: sea_urchin  Read Replies (1) | Respond to of 82147
 
Gary, it seems to me that the people mentioned in the article are "exports" from Africa.

In the circumstances, I am sure they could always erect a mud hut like they were used to but then I suppose mud huts are not allowed in N. Carolina. I'm sure someone would complain.

>>>Salina Ngugi, 31, and her husband, Elijah, fell behind in payments after moving to a new house in the Charlotte last year.<<<


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