SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (46404)12/1/2005 8:29:40 PM
From: Ramsey Su  Respond to of 110194
 
there is also the question as to who is left holding the first loss bag?

what is there is mortgage insurance on a loan? If the lender decides to be "generous", they are actually generous at the expense of the mortgage insurers who see their collateral erode fasting than the flood. Could they then deny future claims because the lender voluntarily allowed the borrowers to "default"?

Same would hold true for VA and FHA loans.

As for properties with jr liens, the jr lien holder is going to see the senior lien grow in size directly to the detriment of the junior's position.



To: patron_anejo_por_favor who wrote (46404)12/2/2005 12:27:36 PM
From: Jim McMannis  Read Replies (1) | Respond to of 110194
 
RE:"We should be keeping this in mind....most Katrina-area homeowners were given 3 months grace on mortgage payments....that time has now run out, and delinquencies should start to soar:"

What the heck, give them 3 more months...<G>

Actually, if there are too many delinquents, they will start to do that rather deal with the rash of foreclosures.

(then broker a deal with the taxpayers to bail them out) NG.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News