Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (404147)	8/4/2008 1:29:42 PM
From: tejek	Read Replies (1) \| Respond to of 1574001

Housing Lenders Fear Bigger Wave of Loan Defaults Its not likely to be a bigger wave and we are likely to be at the crest of the foreclosure process. Because of the very quick resetting of interest rates higher, the foreclosure process was speeded up. Now that rates are coming back down, the wave of foreclosures should ease. In fact, in some of the worst hit places in the country....primarily in FLA and CA, houses are getting sold faster than they are coming onto the market through the foreclosure process.