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September 19, 2008 at 10:32 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273015
jonnycsd
ParticipantThe plan put forth by Paulson today is ambiguous. What he did say is that it will be big (hundreds of billions of dollars in funding) and they will buy illiquid assets from banks (which seems mean primarily mortgage related securities). Because these securities are not easily traced to individual home loans, and because other tranches of debt from the same basket of loans remain liquid I do not believe the RTC2 will be able to do much at the phycisal asset level. I believe Hank and Benny are lookig to save the banks and the investors in the securities, not the borrowers.
QUESTION: Would you rather your neighbor(s) get a deal that quietly and opaquely gets them to fair market value, or would you rather have a series of foreclosure auctions that drops comps for the entire neighborhood, hits property taxes and leaves empty damaged houses in the (neighbor)’hood?
September 19, 2008 at 10:32 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273261jonnycsd
ParticipantThe plan put forth by Paulson today is ambiguous. What he did say is that it will be big (hundreds of billions of dollars in funding) and they will buy illiquid assets from banks (which seems mean primarily mortgage related securities). Because these securities are not easily traced to individual home loans, and because other tranches of debt from the same basket of loans remain liquid I do not believe the RTC2 will be able to do much at the phycisal asset level. I believe Hank and Benny are lookig to save the banks and the investors in the securities, not the borrowers.
QUESTION: Would you rather your neighbor(s) get a deal that quietly and opaquely gets them to fair market value, or would you rather have a series of foreclosure auctions that drops comps for the entire neighborhood, hits property taxes and leaves empty damaged houses in the (neighbor)’hood?
September 19, 2008 at 10:32 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273267jonnycsd
ParticipantThe plan put forth by Paulson today is ambiguous. What he did say is that it will be big (hundreds of billions of dollars in funding) and they will buy illiquid assets from banks (which seems mean primarily mortgage related securities). Because these securities are not easily traced to individual home loans, and because other tranches of debt from the same basket of loans remain liquid I do not believe the RTC2 will be able to do much at the phycisal asset level. I believe Hank and Benny are lookig to save the banks and the investors in the securities, not the borrowers.
QUESTION: Would you rather your neighbor(s) get a deal that quietly and opaquely gets them to fair market value, or would you rather have a series of foreclosure auctions that drops comps for the entire neighborhood, hits property taxes and leaves empty damaged houses in the (neighbor)’hood?
September 19, 2008 at 10:32 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273308jonnycsd
ParticipantThe plan put forth by Paulson today is ambiguous. What he did say is that it will be big (hundreds of billions of dollars in funding) and they will buy illiquid assets from banks (which seems mean primarily mortgage related securities). Because these securities are not easily traced to individual home loans, and because other tranches of debt from the same basket of loans remain liquid I do not believe the RTC2 will be able to do much at the phycisal asset level. I believe Hank and Benny are lookig to save the banks and the investors in the securities, not the borrowers.
QUESTION: Would you rather your neighbor(s) get a deal that quietly and opaquely gets them to fair market value, or would you rather have a series of foreclosure auctions that drops comps for the entire neighborhood, hits property taxes and leaves empty damaged houses in the (neighbor)’hood?
September 19, 2008 at 10:32 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273334jonnycsd
ParticipantThe plan put forth by Paulson today is ambiguous. What he did say is that it will be big (hundreds of billions of dollars in funding) and they will buy illiquid assets from banks (which seems mean primarily mortgage related securities). Because these securities are not easily traced to individual home loans, and because other tranches of debt from the same basket of loans remain liquid I do not believe the RTC2 will be able to do much at the phycisal asset level. I believe Hank and Benny are lookig to save the banks and the investors in the securities, not the borrowers.
QUESTION: Would you rather your neighbor(s) get a deal that quietly and opaquely gets them to fair market value, or would you rather have a series of foreclosure auctions that drops comps for the entire neighborhood, hits property taxes and leaves empty damaged houses in the (neighbor)’hood?
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273005jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273010jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273251jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273256jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273257jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273262jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273298jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273304jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
September 19, 2008 at 10:13 PM in reply to: Holy Snickers: You folks see the equity bailout plans by the Fed???? #273324jonnycsd
ParticipantConcho, that about sums it up. Nicely done.
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