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euterpe1

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euterpe1

Re: ajtj99 post# 395

Tuesday, 11/25/2008 9:50:36 AM

Tuesday, November 25, 2008 9:50:36 AM

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2010 and 2011 you will see billion's of Alt A loans start to reset. 50% + of those loans are stated income loans. Those programs don't exist any longer. Fortunately, a large chunk of those loans are in CA, NV and Fla. Not that we all won't feel it, but they will bear the brunt of the housing decline...again.
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