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Old 03-15-2008, 02:14 PM
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Default The Depression of 2008

Posted By: Fred C

Frank,

I would always wonder about the PSA slabbed mortgages. In the back of my mind I'd always ponder the thought that the PSA slabber "over valued" the slabbed mortgage just a bit. I'd also be concerned that the PSA slabbed mortgage could be returned to PSA for a second opinion valuation that only went up and never down. Not only that, what would happen if the PSA mortgage slabber was looking at the item to be slabbed for a buddy? Our whole financial system would collapse if PSA were allowed to slab mortgages.

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