http://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenThu, 15 May 2008 22:56:02 -0000http://blownmortgage.com/2008/05/15/chase-wholesale-eliminates-2nd-mortgages/#comment-475259But in a declining (free-fall) market like CA or FL it's tough to know what<br>your "true" LTV is...morganbThu, 15 May 2008 22:56:02 -0000http://blownmortgage.com/2008/05/15/chase-wholesale-eliminates-2nd-mortgages/#comment-475258Well said Hezekiah and I agree 100%.<br>MorganmorganbThu, 15 May 2008 22:56:02 -0000http://blownmortgage.com/2008/05/15/chase-wholesale-eliminates-2nd-mortgages/#comment-473574READ BETWEEN THE LINES<br><br>If banks are cutting off seconds NOW, it means they see significant, rapid and continued devaluation of real estate assets into the future (housing will continue to tank). After all, cutting off new seconds will do nothing to help with existing seconds that have essentially become unsecured loans.Hezekiah KingThu, 15 May 2008 17:36:39 -0000http://blownmortgage.com/2008/05/15/chase-wholesale-eliminates-2nd-mortgages/#comment-473382Nothing wrong with seconds. It's the LTV that matters!TobyThu, 15 May 2008 17:10:56 -0000