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1 posted on 02/02/2010 7:12:47 AM PST by blam
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To: blam

ARMs, CRE and now FHAs, it’s all beginning to sound like Y2K


2 posted on 02/02/2010 7:14:17 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: blam
Rising FHA default rate foreshadows a crush of foreclosures (1/3 increase)
3 posted on 02/02/2010 7:14:24 AM PST by blam
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To: blam

4 posted on 02/02/2010 7:15:10 AM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: blam

Low down payment + low interest rates + low FICO scores = default


5 posted on 02/02/2010 7:16:23 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: blam

Obama’s Fault


7 posted on 02/02/2010 7:21:22 AM PST by scoobysnak71 (I'm light skinned with no negro dialect. Could you milk me?)
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To: blam

I’m so thankful my house is paid for. If I had to move to find work, that is one less thing I’ll have to worry about.


8 posted on 02/02/2010 7:22:13 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: blam

Take this house and shove it!


9 posted on 02/02/2010 7:27:01 AM PST by screaminsunshine
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To: blam

I’m in the real estate industry for 18 years.

bottom line - carter and the CR Act, clinton opened the flood gates on the CR Act, Fannie & Freddie and the DemocRATS forced lenders to make loans to people who weren’t qualified. bawney fwank, chris dodd, franklin raines are economic terrorists. add to that the stupid and dumb Obama not being able to fix properly and voila — prolonged real estate depression that affects EVERYONE.


10 posted on 02/02/2010 7:28:21 AM PST by Free Per the Constitution
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To: blam

Do not forget about the coming commercial real estate collapse.

Things are about to get Helen Thomas ugly.


11 posted on 02/02/2010 7:33:55 AM PST by Le Chien Rouge
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To: blam
The communists arm of the King Obama Administration will just get the King to bail them out again. No end until America crashes. This year we will see the market crash, more banks fail, and the housing industry gone south. Personally, I don't give a sh@@ anymore. Until 1/3 of Americans don't get their thumbs out of their butt we will be in the toilet for many years until a complete revolution and communists RATS will be put on an old freight and put out sea.
12 posted on 02/02/2010 7:34:26 AM PST by Logical me (Oh, well!!!)
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To: blam
There's a clever new personal finance book out there (Courtesy of Saturday Night Live)...

SnakeDoc

13 posted on 02/02/2010 7:34:56 AM PST by SnakeDoctor (Life is tough; it's tougher if you're stupid. -- John Wayne)
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