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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Debt Free who wrote (30425)	3/26/2008 3:39:31 PM
From: Jurgis Bekepuris	Respond to of 78670

Actually we were talking about prime mortgages not about subprime, although you could argue that there were quite a bit of prime ARMs. I doubt many primes would have issues with too high adjustable rate, especially after Fed cuts. Will they still walk away? I have no clue and I think others don't have either. There will be mix of Paul's scenarios "too much trouble to move" with Broken Clock's scenario of "lack of moral character". I doubt anyone knows percentages of the mix.