I raise a point just for fun.

It is heard of that after massive technical selling off, some companies buy back their bonds because the price is very attractive.

Why can't we buy back our own mortgages at the market price?

If we mess up our credit score, push forward the coupon payment, our mortgage must be marked cheaply to the market. Then we can step in and buy it back at lower marks. For example, 0.7/1 dollar. Initially I owe bank $1M, now $700K.

Does that make any sense? Anyway, our mortgages are not sitting on bank's book today.

所有跟帖： 

• 回复：I raise a point just for fun. -flying_bird- ♀ (275 bytes) () 01/21/2009 postreply 20:00:47

• don't confuse equity with debt obligation -tank- ♂ (106 bytes) () 01/21/2009 postreply 21:04:44

• why don't you buy back your mortgage two year ago -hmo- ♂ (58 bytes) () 01/22/2009 postreply 09:32:04