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User Info	Paulsen Works With Industry on Loan Plan; entered at 2007-12-01 11:36:47
Oxfordrick Posts: 3161 Registered: 2007-07-09 san diego	Excellent articles in Barron's this morning, Abelson, Breaking ARMS, Pottersville. My take is that government can't mandate much to reduce loan payments without turning the clock back fifty years on future mortgage financing terms. Yes workouts are appropriate for all parties here: portfolio lenders can do them, securitization trustees can do them "balancing the interests of all parties in the securitization." This is nothing new, these conflicts of interest between IO (the owners of the surplus interest arbitraged through the securitization process)and the holders of the residual equity pieces arise whenever a CMBS tenant goes***** up. So to me government is simply trying to front run a process which is already in place, for obvious political advantage. 2007-12-01 11:36:47