Drew & Christine Morgan

I don't think that the loans WAMU offered were the problem insomuch as the fact that WAMU qualifed borrowers at the neg am payment level. When these loans adjusted there was no way bowwowers could afford the higher payment.

We would appreciate it if our local MLS would have a better web site than all the mash-ups that are re-distributing the data full of errors and with old information. The thought of driving more buyers to our MLS site doesn’t bother me in the least. Buyers want the information and they are going to get it—somewhere. Christine

Many of the investors, who view owning property as an investment vehicle akin to stocks, should apply the same exit strategy—you don’t walk away from a down stock and give it back to the issuer.