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The last analyst I saw at a touch before 2PM talking with Bartiromo said they could save hopefully 1/3rd of the foreclosures.
She was the bullish one on the deal.
Now ask yourself if slowing the foreclosures by 1/3rd is going diddly in SoCal. It isn’t.
The analysts said the big problem they have is everybody that isn’t in jeopardy is calling wanting their rates frozen.
