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| User Info | What am I missing about ABX ?; entered at 2007-12-02 12:00:46 | |||
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Jkilkelly Posts: 1559 Registered: 2007-07-20 Mercer Island WA 
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One other thing that I cant figure out. The incentive for the HOPE group to play this game. They are not going to do this without getting something in return. Is it a) regulatory support for not writing down the mortgages, b) capital requirement relief, c) allowing them to continue to record neg amort or capitalize interest income, d) what is it? Saying they are doing this to avoid foreclosures is not enough for me to believe that they would undertake this effort - particularly since it is laden with contractual problems visavi the MBS/CDO's - without some major concession that helps support them financially or helps support their market values. 2007-12-02 12:00:46
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