But half the loans now have no collateral? The buyers have walked away or should be renter?
Most of the rest of the paper was inflated bubble junk. A lot of people cashed in on the way up to the crash and cashed out before the collapse.
Sometimes we throw stuff out Socratic method?
yitbos
The value of a house or condo may ahve gone from 100k to 20k due to the market but it willreturn to 100k in time. It did in Tx and it will where there is real estate that has location location location.