Hits: 3213
I was listening to congress grill and persecute a few CEO's for no valid reason, except for maybe the fact that they couldn't find any more baseball players, when on of them stated that he just finished a committee exploring the monoline's portfolios. He said that in one of the pools, 18% of the mortgages actually had the 1st payment missed. Now, if this is true, somebody in the monolines may not be as forthcoming as they could be.