
Average value of defaults?
We heard a lot about the increase in seizures. And I heard that we need all share the pain of resolving this mess. That even if I do the right thing by not too much for myself, family and friends are in danger and I hope liklely Government's bailout. I also heard that the credit situation has benefited from low-income people. Many people I know the feeling that the whole McMansion that were failing. Does anyone know what the mean and median value of mortgages seized in 2007? Thank you, Pink_SH3 Maybe I was not clear. I found that the rate and number of defects but I wonder what is the value average loan default. namely that they are ready or $ 100,000 averaged $ 200.00. And what's the median? More than half $ 200,000. I want to know who suffers from how I should feel about the bailouts.
Why should we all pay for people making bad decisions about their finances? I certainly do not condone the government bail out people who found themselves in bad loans and those who are overworked. Figures vary, but the median time to seizure last I looked was $ 270ish.
Pt 2 – Presentation on New Mortgage Qualification Rules
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