Seattle Bubble Forum Archive • View topic - lenders may WANT more foreclosures

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Seattle Bubble Forum Archive • View topic - lenders may WANT more foreclosures

Page 1 of 1

lenders may WANT more foreclosures

Posted: Fri Dec 07, 2007 7:41 am

by sniglet

Re: lenders may WANT more foreclosures

Posted: Fri Dec 07, 2007 10:25 am

by perfectfire

Don't these mortgage backed securities have some sort of put back clause that forces the originator to buy them back if a certain percentage of the mortgages backing them default? This is what may make them want to avoid too many forclosures.

Re: lenders may WANT more foreclosures

Posted: Fri Dec 07, 2007 10:38 am

by sniglet

Posted: Fri Dec 07, 2007 2:53 pm

by explorer