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Reply #6


Response to midnight (Reply #3)

Sun Sep 30, 2012, 12:26 PM

6. It would be a huge boon to banks if they get paid off 100% on the dollar

 

Based on a refi by Freddie or Fannie. It would take the most vulnerable loans off their books.

But then the risk of being underwater moves to the federal government who has basically taken over F and F and you and me as taxpayers.

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