Time will tell. Nobody knows what the future holds. We could recover a lot harder and faster than all of you think. I'm not pretending to be in LA LA land about the problems still in existence, but it seems like everyone is so fast to believe and buy into negativity VS the possibility that...
Of course nobody knows at this point how many of those loans in the '2nd wave' category will actually have the chance to reset and turn into an REO. A combination of loan workouts, lease programs, and short sales may cause this '2nd wave' to feel more like a ripple. LOL
Yes!! and LOOK>>>>>
Yet another program designed to slice the number of foreclosures>>>>>
<strong>Fannie Mae getting into home rental business
Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy...