At least I know its a controversal tidbit. This is common knowledge among the executives at the big lenders and servicers, guys. Thing is, no one is disputing the facts, that lenders have the right to do this at their discretion. This may seem like speculation to most, but then this site has been all about speculation until just recently.
The soft landing hypothesis is so obviously dead in the water; My question: are they engineering a scary hard landing all at once to get government bailouts (S&L anyone)?
Or do they want to know the true risk of their loans now, all at once, rather than later.
And feel free to hate on me, I love it! I’m the only one here who knows where this information comes from, so please, fire away.
