So, the data matters but MLS as a specific tool can be swapped for other solutions.

Perhaps we can swap info and see how we can work together learning and making $!!

So the loan portfolios are priced according to the market expectation of future defaults.With the current sentiment in the toilet and pricing of default swaps sky high, I can not see that the actual defaults can exceed the current expected defaults.

I love moderated forums as you can really get good info and not just adds and spam and trolls.I am a commercial lender that is very much involved with a downtown revitalization project and am looking forward to swapping ideas and thoughts with others in the "biz".

Or the lender sold off the credit risk and a condition of the credit swap restricts what can done when it comes to loan term modifications.The Sec of the Treasury was highlighting this on CNBC a few weeks back.That said some lenders do control their loans so they will strike a bargain.

All they were doing, building reserve campaigns, new reo offices and administrative structure, it all alluded to a swap program, build xyz reserve, dump xyz reo's.

But with due diligence on the swap you will be fine.

It's a "haircut" because a "default" (as it would be considered at any other point in history or for a corporation) would have triggered the Credit Default Swaps (insurance on bonds) which would have been bad.

Some of them were betting against the very loans they were making by buying credit default swaps.

I've rehabbed a few older houses (newest was built 1915) , owned a duplex, sfr, done a 1031 straight swap, made and sold a small subdivision, and sold almost all my properties myself (for better or worse)...