http://www.fivecentnickel.com/2007/06/27/banks-may-rescue-defaulting-homeowners/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 04:49:32 -0500 http://wordpress.org/?v=abc hourly 1 http://www.fivecentnickel.com/2007/06/27/banks-may-rescue-defaulting-homeowners/comment-page-1/#comment-78241 cami Wed, 27 Jun 2007 19:27:16 +0000 http://www.fivecentnickel.com/2007/06/27/banks-may-rescue-defaulting-homeowners/#comment-78241 One of the challenges of course is that if the hedge funds did dot their I's and cross their T's they may win a round. Or course that will only work if they stop collapsing (see: Bear Stearns). Oh, then there's a fact that some people's mortgage products are so inappropriate, that no amount of re-working could ever possibly help them. And we can't forget if the banks will the ability to re-work the terms, it may make the CDS's, MBS's, and anything else they're selling off look a lot less attractive to buyers (i.e. it could really come back to haunt them). One of the challenges of course is that if the hedge funds did dot their I’s and cross their T’s they may win a round. Or course that will only work if they stop collapsing (see: Bear Stearns). Oh, then there’s a fact that some people’s mortgage products are so inappropriate, that no amount of re-working could ever possibly help them. And we can’t forget if the banks will the ability to re-work the terms, it may make the CDS’s, MBS’s, and anything else they’re selling off look a lot less attractive to buyers (i.e. it could really come back to haunt them).

]]>