Tice admits he has seen red in recent years; the Bear fund posted losses in 2003 and 2004 but has recorded modest returns since. He says he underestimated the willingness of mortgage lenders to do.
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David tice says he’d like to be a bull. Other parts of the government are leaning on mortgage lenders to tighten standards and at the same time cut breaks for overextended homeowners. Further, says.
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Short sales occur when a seller unloads a home for less than what’s owed on the mortgage. Banks take a hit on short. now led to what I would almost characterize as paranoid lending," said Tice.