SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (75374)3/13/2008 1:10:34 PM
From: JakeStraw  Read Replies (1) | Respond to of 77400
 
>>FHA just announced they want to buy 300 billion dollars worth of distressed mortgages

I believe that's $300 billion in new guarantees. Additionally I also believe that the lenders'/mortgage holder's would have to accept a large write-down of principal