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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (8783)	10/1/2008 9:16:26 PM
From: Galirayo	Respond to of 41470

>>The entire idea of the government sponsoring mortgages was nuts from day one. If banks and various mortgage companies were allowed - and even encouraged - to lend out virtually unlimited amounts of money, what could be the only logical result? First, RE prices will go up, and << And it arrived at the point where RE Value Appreciation became a Self Feeding Entity. Appraisers were expected to Value the New Listing based on Comps .. [Recent Sales] based on an Urgent Demand of buyers and houses being sold on ARM Payments not Actual Value. The Bubble popped and now they are trying to clean up the mess .. but this is One Big Mess. I personally would like to find a New chart of ARM Resets .. This Month is a Peak Month if I remember correctly. I'll Dig for the old chart .. and post it.