----- Original Message ----- >it's partly their fault we are in the shit we are (along with all the tossers with 125% mortgages).
Are you sure that you are not falling for an urban myth ? Is there evidence that mortgages of over 100% have a greater default or arrears rate than mortgages of less than 100% ? Where is this evidence ? It is not a self evident truth and the reality might even be counter-intuitive - if you know what you are talking about. Sub-prime mortgages which were insured (effectively "underwritten") by an insurer who couldn't cover the liability are an entirely different matter. _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist and the hardest time in a sailor's day is to watch the sun as it sails away
