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

To: Les H who wrote (124558)	5/21/2008 10:11:54 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

"Congressional aides say the housing plan's estimated $1 billion cost will be more than offset by the $700 million a year that Fannie Mae and Freddie Mac will hand over and by the billions of dollars in new fees that the FHA will charge borrowers and lenders." I have no idea what the actual numbers will be, except I would put my entire portfolio on a bet that the cost will be greater than $1 billion and the new fees will be a lot less than expected. Could there be a surer trade anywhere?