svelte – at first I was looking at foreclosures, but I meant defaults in 1982, which makes sense b/c they would certainly turn into foreclosures by ’83. We’re looking at the same numbers, more or less.
KIM – back then we didn’t have the advent of combination teaser rates w/no money down w/no docs w/rampant investors w/co-erced appraisers, etc. etc.
