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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (35414)	9/21/2009 12:45:58 PM
From: Tapcon	Respond to of 78748

OT That was an interesting article. After reading quite a bit about tremendous uncertainty regarding the extent people will walk away from their mtg when they are underwater, this study suggests that walkaways are 50% more likely to occur among people with high credit scores. It is easy to imagine these people rationalizing their action as purely a business decision, not related in any way to an "ethics question." Or the common good. Especially in an environment of financial corporation abuse and excess. Also read this morning that the "option ARMS", the ones with the teaser rates and artificially low monthly repayments in lieu of adding to the principal are just now starting to reset. To me, these conditions suggest caution, notwithstanding the talking heads indicating continual recovery.