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

To: yard_man who wrote (269265)	8/15/2010 2:02:17 PM
From: posthumousone	Read Replies (2) \| Respond to of 306849

does SRS have any hope if banks Wells Fargo can sell its mortgage paper to Fannie or Freddie and turn around and make another loan to another borrower for another fee. Also Wells Fargo has, for a long time, been able to borrow from the Fed at ZIRP and make loans with essentially free money. In addition, if the loan goes bad, Wells Fargo can simply ignore the loss due to FASB accounting rules which permit fraud. Is SRS a play on commercial real estate collapsing? That hasn't seem to play out either. What has happened to residential option arms explosion? All just seems very very queit. There may be very little buying currently but there is also very little new listings coming on the market. As usual, I don't know what to do. But the thought of of buying some SRS at 24 and having it double is enticing