To: rabscuttle385
Whoever takes out these loans, needs to look at them carefully though. This house was tiny. It was plushed up but they wanted almost 100000. I wouldn't have paid more than 50. The notes were too low. I'm not sure how that worked, because the interest was high.
To: CindyDawg
Well, whatever larger corporation is backing those loans is probably securitizing them and selling them off to investors, so if anyone takes a hit, it will be the investors.
38 posted on
11/12/2006 10:04:57 PM PST by
rabscuttle385
(Sic Semper Tyrannis * Allen for U.S. Senate in '08)
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