the international markets are doubling down in a big way with the subprime markets. the initial results will reap great benefits, but the long term won’t pan out – in the least bit. REO departments in even the smallest lenders are quadrupling their portfolios – and not moving the properties. how can that NOT effect the institutional guys? i’m not saying i’m 100% but when lehman says they have over 1,000 reo’s somethings seriously wrong.