2009-11-25google.com

"But a new study out of Amherst Securities indicates that negative equity is by far the best default predictor of defaults. If that view is correct, the fact that we are still producing mortgages that quickly slip into negative equity should be terrifying. And, in fact, much of the recovery in the housing market appears to be built on thinly capitalized mortgages subsidized by low loan-to-value FHA guaranteed mortgages and the home-buyer tax credit."



Comments:

punstress at 05:41 2009-11-27 said:
The link seems to go to gmail. ??? Permalink

add a comment | go to forum thread