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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (8982)	3/15/2008 2:36:31 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 33421

<<You are going to force the noteholder to accept 4.5% fixed return on loans from crap borrowers in the middle of a recession>> LOL...The loan originators financed those crap borrowers! <<And why should people who did not and could not honor an agreement they signed their name to get a better rate than I am paying>> Those people shouldn't have gotten financed in the first place. But no - they shouldn't get a better rate than you. You should have the same opportunity to refi. What you're hearing is a person who believes the lending institutions are 90% to blame for this mess. The investment you made in your home is being negatively impacted by lenders that abandoned ALL good lending practices. Mark my words....some of these people are going to jail