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

To: Ramsey Su who wrote (69143)8/30/2006 8:55:59 PM
From: orkrious  Read Replies (1) | Respond to of 110194
 
I think the markets are deteriorating so fast that wall street is going to be caught totally unaware.

OMG, reading you I almost had an orgasm. <g>



To: Ramsey Su who wrote (69143)8/31/2006 1:55:55 AM
From: ild  Read Replies (2) | Respond to of 110194
 
But as I understand it takes up to 6 months for a delinquent loan to become REO. How come that we see a big number of REOs but haven't seen many delinquent loans? Flippers just sending keys to banks?

EDIT: Shouldn't so many REOs start moving prices down as banks become eager to unload?


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