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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (76417)4/20/2007 12:20:21 PM
From: Jim McMannisRespond to of 306849
 
My question is whether Wa Mu is eating it themselves or they are doing it more freely because they are backed by a GSE or taxpayer money.



To: Think4Yourself who wrote (76417)4/20/2007 12:23:19 PM
From: Lizzie TudorRespond to of 306849
 
some people probably can refinance. I think there was a subsection of subprime borrowers who did so to get in quickly- I know someone like that. But this group of good credit people who only used subprime for convenience is pretty small.



To: Think4Yourself who wrote (76417)4/20/2007 1:10:53 PM
From: MulhollandDriveRespond to of 306849
 
WaMu is doing damage control.

i think this shows the magnitude of the problem...

you know the saying (paraphrasing here) 'when you owe the bank a million and can't repay it's the bank's problem, when you owe the bank thousands, it YOUR problem....

the banks are saying it's *their* problem by offering the 'half a loaf is better than none' solution

they are trying to stem a tide of foreclosures which would have a pernicious effect on RE beyond the subprime market


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