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

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lenders may WANT more foreclosures

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

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lenders may WANT more foreclosures

Postby sniglet » Fri Dec 07, 2007 7:41 am

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Re: lenders may WANT more foreclosures

Postby perfectfire » Fri Dec 07, 2007 10:25 am

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.
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Re: lenders may WANT more foreclosures

Postby sniglet » Fri Dec 07, 2007 10:38 am

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Postby explorer » Fri Dec 07, 2007 2:53 pm

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