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DblDoc · 04-13-2008, 10:42 PM

I've seen similar data elsewhere and have to agree with you that the game has only begun. In terms of the writedowns this will likely snowball as the foreclosures lower prices creating more upside down mortgages and the cycle continues...

DD

04-13-2008, 10:42 PM	#2
DblDoc Full time employment: Posting here. Join Date: Aug 2007 Posts: 674	I've seen similar data elsewhere and have to agree with you that the game has only begun. In terms of the writedowns this will likely snowball as the foreclosures lower prices creating more upside down mortgages and the cycle continues... DD