Banks start to buy home loans at below-market prices - Bloomberg

[Wellstone ruled]

4. Only four plus weeks left in

2020 Business Year. Stories about Wells and other Mortgage Bond Holders are Harvesting Mortgages out of those Bonds and paying below market prices for those houses to which the Mortgages are assigned.

This whole house of Cards might collapse even sooner if zero Covid Funding is either short shifted or some really POS is agreed upon. I am here in Vegas,our market is buoyed by Cash Buyers from Cali whom are just now receiving their Insurance Settlements from last years Fires.

Our Real Estate Friend in Southern Utah says in his market the same story. And he has run out of Inventory completely. As he said two weeks ago,I have seen this before and I am Banking every dime I make. And he referred to the 2009 bust in his area which actually started in 2006,here we go again,once the Checks stop coming,we go South big time.