Friday, August 15, 2008

Just a quick test for Lenderama

We're conducting highly secret RSS testing for Lenderama.

Pay no attention to the man behind the curtain.

Obligatory Mortgage Reference: Have you seen this article?
http://www.reuters.com/article/fundsFundsNews/idUSN1251538220080812

Welcome to the beginning of the next wave of defaults.
When these start recasting their payments will double or triple.
Will they continue to pay?
Will they walk away?

"Another sign of borrower distress: One in eight is at least 90 days late on payments"

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