And I was just reading a housing thread, here’s the first comment;
75% of the 5 - 7 million mortgage loans that are currently 90 days or more delinquent were originally packaged as “prime”.
Calling a loan prime does not a prime loan make.
I Was A Fannie Mae Executive (WSJ Opinion Journal Video)
http://www.freerepublic.com/focus/f-news/2572151/posts
Hi, thanks for the kind words last week, and everone else.
If anyone wants a house in Detroit, my brother and I will sign it over. Bought for 6k in 1959, paid off in 1968.