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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (24323)2/24/2005 7:14:35 PM
From: CalculatedRisk  Respond to of 116555
 
Talk about using homes as ATMs ... I posted a couple of charts today:
calculatedrisk.blogspot.com

I think these DAPs (downpayment Assistance Programs) are more evidence of poor credit quality. Hmmm ... oversupply in housing (from Fannie Mae's economist), poor credit quality of buyers, and homeowners using their homes as ATMs ... sounds like a bad combination to me!