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

To: The Reaper who wrote (184564)2/18/2009 12:17:20 AM
From: James HuttonRead Replies (1) | Respond to of 306849
 
"If their plan calls for modification of the mortgages (as in reduction of principal with the difference to be paid on the sale of the house) then they won't need to keep mortgage rates down to get the reduction in monthly payments that they are after"

So what would that do to the value of mortgage-backed securities that everyone has been piling into lately? Wouldn't that scare some of those people out of that market and back into treasuries?

I just can't see the government easily letting long-term rates scream back over 4% while the economy still sucks. And if you are wrong about the Treasury's plan, I wouldn't want to be on the other side of the trade from the government.



To: The Reaper who wrote (184564)2/18/2009 9:27:46 AM
From: Pogeu MahoneRead Replies (1) | Respond to of 306849
 
So contract law will be disregarded?
good luck with that scenario.

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If their plan calls for modification of the mortgages (as in reduction of principal with the difference to be paid on the sale of the house) then


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