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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (101867)3/3/2009 1:53:55 PM
From: SG1 Recommendation  Respond to of 110194
 
Systemic risk...high

Homeowner risk during appreciating real estate market..none

Screwing the bank...priceless.

SG



To: Hawkmoon who wrote (101867)3/3/2009 6:21:07 PM
From: Little Joe  Read Replies (1) | Respond to of 110194
 
Don't think the banks end up with cheap assets. When the property is sold the homeowner repays mortgage from proceeds. If not sold for enough to pay of loan, the loan is forgiven.

To compensate for some of this they will not lend full value, especially because interest is accruing on the loan and the bank is paid at the time of sale/death of homeowners.

If I were a bank I would get as far away as possible.

lj


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