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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (63816)6/16/2006 1:22:26 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
You and Bigs hit Fannie dead on. It only comes to the forefront when too many foreclosures come back in house and become REO's, price discounts become extreme and the tax payers take the hit. Most likely by that time the mortgage insurers are also insolvent so the tax payers take the 30-40% writedown on resale.

Fannie Mae REO list to track for those interested:

mortgagecontent.net


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