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


To: anachronist who wrote (89429)12/6/2007 12:55:45 PM
From: Paul Kern  Respond to of 110194
 
Not to nitpick, but borrowers must have 3% equity and be current on payments to take advantage of the current bailou... err aid plan. So no love for Neg Am or the 16% of subprime borrowers already behind on their payments.

And, I suspect, that real appraisals will be required so that kicks out another whole bunch of scammers, er, I mean home owners.