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


To: Les H who wrote (89768)9/18/2007 8:31:23 PM
From: Les HRead Replies (1) | Respond to of 306849
 
Toll said the Fed's move to cut both the federal funds and discount rates by half a percentage point Tuesday won't bring the subprime and Alt-A, or limited documentation, loans back to equilibrium. He said it would take a return to more conservative underwriting standards to right the ship -- and it would take time.

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