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Updated over 16 years ago,
ALT A Crisis
These loans are generally bigger loan amounts meaning bigger loss mit fees. Start hacking away at the CA deals!
This is a great youtube video I urge you to check this Mr Mortgage guy out
He knows what he is talking about. He did the video a week before the Downey Financial article came out. He is predicting the Alt A Crisis
will be bigger than the subprime crisis. You guys will have a blast
shorting neg am loans in declining markets. Those loans are worth pennys on the dollar on wall street.
http://www.youtube.com/watch?v=pmeBSWI9sF8