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To: E.J. Neitz Jr who wrote (48576)6/11/2003 3:10:03 PM
From: Triffin  Read Replies (1) | Respond to of 53068
 
Hi Ed ..

I'm also wondering how FRE/FNM fit into the
equation .. Low interest rates have certainly
been the tail wind behind the housing boom along with
the favorable tax treatment on sales .. I'm concerned
about the folks who are over-leveraged ie >90% loan
to equity .. plus all the other's that have been
re-leveraging themselves via 2nd mtges and home
equity loans .. Haven't bought any PUTs yet .. Just
thinking about it ..

Jim in Ct ..