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To: reaper who wrote (227182)	3/11/2003 8:20:31 PM
From: NOW	Read Replies (1) \| Respond to of 436258

Love this sarcasm: "Just look at it this way. With the 5% equity that so many homeowner have, FNMA should be in great shape. All the diligent and honest mortgage originators they deal with are really looking out for FNMA and the US taxpayer, in general. Also, they have loaned much in the manufactured housing industry. That will be their savior. It really is a strong market. The 700 repos that freddie is rumored to have in SC alone is no biggie. The 5% equity the prior owners had should bail them out alone with all the honest appraisals they received from the mortage brokers that ooze integrity. And if this isn't enough, they are moving into the high risk lending business. Those folks always pay, and at even higher interest rates. This ace in the hole will sure up any potential losses. LOL" appraisersforum.com