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

To: jpk1 who wrote (106246)2/22/2008 1:27:29 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
The change will REAM the CDO holders, totally ream them with several new body orifices. Financial markets will take a massive hit.

This change will also immediately destroy what is left of the mortgage securitization markets.



To: jpk1 who wrote (106246)2/22/2008 1:32:29 PM
From: Peter VRespond to of 306849
 
That may help with making banks responsible with going-forward loans, but it is disastrous for the huge number of mortgage holders whose homeowners are upside down and may be able to declare BK.

I think the homeowner and the lender should share the pain of their stupidity. This plan, howevre, requires the mortgage holder (not necessarily the original lender), to bear the entire loss.


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