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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (87904)9/2/2007 10:01:12 AM
From: 10K a dayRespond to of 306849
 
I think as a payback to the Lenders and all their LoneShark BS. You could have an FU score (for the lenders) similar to FICO score. (Like raising the rate for them to borrow through the discount window, or putting up their left nut as collateral) I think The best way to give these guys a break is shorten (minimize) the time that a foreclosure stays on a credit report. Say 4-5 years and REMOVE it. (Let them have the house and NO other assets ala pre BK law change) Just Write it Down and move on. It's an accounting entry. End of story.



To: XBrit who wrote (87904)9/2/2007 4:46:27 PM
From: Lizzie TudorRespond to of 306849
 
I read that site a lot. I totally agree with this article about this decade and the pathetic "recovery" we have experienced.
cepr.net

But to be fair, most see cepr as a left wing POV. Sometimes when I read Dean baker, his unabashed promotion of unions annoys me.


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