jackh

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  • Thoughts on the Housing Bill
    The way I understand it is that the lender has to write down the value of the loan (take a loss) and set up a deal that the borrower can afford.

    So.... you have a house which may still be valued at more then or near fair market and a borrower who has committed every cent he has and is likely to earn to hold onto it........

    Recession, rising unemployment, why do I feel the next wave of defaults has just been delayed a few weeks.....
    Aug 04 08:36 am |Rating: 0 0 |Link to Comment |View article

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