Deutsche Bank Report: 46% of Prime Jumbo Loans Underwater by 2011

Started by EastVillager

almost 17 years ago

Posts: 55

Member since: Jan 2009

Discussion about

http://www.reuters.com/article/businessNews/idUSTRE5745JP20090805?feedType=RSS&feedName=businessNews Very bearish housing report from DB.

Response by McHale

almost 17 years ago

Posts: 399

Member since: Oct 2008

No surprise when homes were used as ATM's or some kind f magical money machine....

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Response by notadmin

almost 17 years ago

Posts: 3835

Member since: Jul 2008

it's counting LTV, not CLTV imho, so HELOCs and seconds might not counted.

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Response by nyc10022

almost 17 years ago

Posts: 9868

Member since: Aug 2008

no way, no how!

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