Re: Focus is on EQUITY & CREDIT these days

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Posted by Bob Smith on August 29, 2008 at 08:15:22:
In Reply to: Focus is on EQUITY & CREDIT these days posted by Michael Morrongiello on August 28, 2008 at 21:45:05:
At 15-20% discounts even after a year of seasoning buy/sell investors
will not be selling their paper, since that's basically their entire profit.
Would an 80% first (rehabber takes a second) suffer a similar discount?
It seems to me that if Fannie and Freddie get bailed out, credit will
ease not contract, making it *less* critical to finance your own sale.

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Thrive and Prosper.... Michael Morrongiello 18:47:59 08/29/08 (1)

Correction to max number of agency loans SoCalGal 20:12:20 08/29/08 (0)

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