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To: RealMuLan who wrote (71615)	11/24/2007 11:34:52 AM
From: John McCarthy	Read Replies (2) \| Respond to of 116555

Hi RML >>>>>>>>>>>>> Borrowers who took out loans in the first six months of this year are already falling behind on their payments faster than those who took out loans in 2006, according to a report from Arlington, Va.-based investment bank Friedman, Billings Ramsey >>>>>>>>>>>>> I is confused. I woulda thunk that by the start of 2007 the hurdle tests to get a mortgage would have been alot harder. I am wondering .... if people are getting 'use' to the idea of just ... walking away from their debt? Or is it some combination of (a) qualified people get mortgages and (b) see the price of their homes decline due to the current market and (c) decide to punt on their mortgages. regards, John