please define "major" mortgagee sales at 7.5% as you have claimed today..
as we will surely get back there again at some stage in future. That's because the economy will be trucking along healthily again.
What % defaults are you predicting at 7.5% so we have a measure to judge your, imo big unsubstantiated claim on at that time.
otherwise, it's really more useless noise.
