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

To: Giordano Bruno who wrote (286550)	10/25/2010 12:54:12 PM
From: Travis_Bickle	Read Replies (1) \| Respond to of 306849

Time to string a few of them up ...

To: Giordano Bruno who wrote (286550)	10/25/2010 2:22:46 PM
From: Broken_Clock	Respond to of 306849

"Repurchases look to be a way of life going forward," Daniel Arrigoni, chief executive officer at U.S. Bank Home Mortgage, said at the Mortgage Bankers Association annual conference in Atlanta. Fannie Mae and Freddie Mac have hired people "to go through loans with a fine-toothed comb, and they've done a good job," he added, drawing nervous laughter from the audience. Ron McCord, chairman of First Mortgage Co, went further than Arrigoni, bluntly stating that the repurchases do more harm than good by chilling lending. "This industry has to stand up and say, enough is enough," he said, to applause. ...seriously? 95% of loans are being dumped on the US taxpayer as it is....