Fitch Sees 60% of Current RMBS Borrowers Underwater
October 23, 2009 at 09:42 AM EDT
[Skip to the end] Yes, interesting that over 75% are still paying and probably will continue to pay for a variety of reasons, including they personally guaranteed the payments, their payments have, in many cases, gone down, they like living where they are living, and, not least, they believe in meeting their obligations. A corrupting influence that, [...]