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| User Info | Here is why the market may jump on Paulson proposal; entered at 2007-12-02 10:35:35 | |||
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Yal Posts: 3544 Registered: 2007-06-27 
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"The industry is telling you right now that they just don't have enough people with the right skills to be able to wade through all the problem (or potential problem) loans fast enough to make the workout/foreclose decision. Since the industry lacks the infrastructure to handle the work load, it makes sense to have some sort of guideline to decide which loans to foreclose on now, and which loans to foreclose on later. Think of it as a mortgage triage protocol. And helping to craft these guidelines is a reasonable role for government. So kudos to Paulson (even if we have to put up with some silly PR)." http://calculatedrisk.blogspot.com/2007/.... | |||