Home › Forums › Financial Markets/Economics › Is it ALT-A turn
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DWCAP.
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March 10, 2008 at 8:04 AM #166655March 10, 2008 at 8:04 AM #166976
farbet
ParticipantMarch 10, 2008 at 8:04 AM #166979ParticipantMarch 10, 2008 at 8:04 AM #167012ParticipantMarch 10, 2008 at 8:04 AM #167074ParticipantMarch 10, 2008 at 10:26 AM #166721Mean Reversion
ParticipantI believe the next area of the credit sector to implode will likely be Alt-A…
If you follow the credit markets, it is already pretty well known that the meltdown has affected Alt-A and beyond, not just subprime.
Witness Thornburg Mortgage (TMA) which supposedly had no direct exposure to subprime mortgages.
March 10, 2008 at 10:26 AM #167041ParticipantI believe the next area of the credit sector to implode will likely be Alt-A…
If you follow the credit markets, it is already pretty well known that the meltdown has affected Alt-A and beyond, not just subprime.
Witness Thornburg Mortgage (TMA) which supposedly had no direct exposure to subprime mortgages.
March 10, 2008 at 10:26 AM #167045ParticipantI believe the next area of the credit sector to implode will likely be Alt-A…
If you follow the credit markets, it is already pretty well known that the meltdown has affected Alt-A and beyond, not just subprime.
Witness Thornburg Mortgage (TMA) which supposedly had no direct exposure to subprime mortgages.
March 10, 2008 at 10:26 AM #167077ParticipantI believe the next area of the credit sector to implode will likely be Alt-A…
If you follow the credit markets, it is already pretty well known that the meltdown has affected Alt-A and beyond, not just subprime.
Witness Thornburg Mortgage (TMA) which supposedly had no direct exposure to subprime mortgages.
March 10, 2008 at 10:26 AM #167139ParticipantI believe the next area of the credit sector to implode will likely be Alt-A…
If you follow the credit markets, it is already pretty well known that the meltdown has affected Alt-A and beyond, not just subprime.
Witness Thornburg Mortgage (TMA) which supposedly had no direct exposure to subprime mortgages.
March 10, 2008 at 12:21 PM #166776peterb
ParticipantWith about $550B in mortgages set to adjust this year, all sectors will have trouble meeting this requirement. Whether the loan is Prime, Alt-A or subprime. Having a high FICO score does not mean you didnt lie about your “stated income”. Most of these loans are 1 to 3 years old, so the odds are good that most are upside down at or at best 0$ equity. Combine this with a recession and the new “Debt Relief Act of 2008” and I think the lenders are going to be owning a lot more realestate this year compared to 2007!
March 10, 2008 at 12:21 PM #167096ParticipantWith about $550B in mortgages set to adjust this year, all sectors will have trouble meeting this requirement. Whether the loan is Prime, Alt-A or subprime. Having a high FICO score does not mean you didnt lie about your “stated income”. Most of these loans are 1 to 3 years old, so the odds are good that most are upside down at or at best 0$ equity. Combine this with a recession and the new “Debt Relief Act of 2008” and I think the lenders are going to be owning a lot more realestate this year compared to 2007!
March 10, 2008 at 12:21 PM #167100ParticipantWith about $550B in mortgages set to adjust this year, all sectors will have trouble meeting this requirement. Whether the loan is Prime, Alt-A or subprime. Having a high FICO score does not mean you didnt lie about your “stated income”. Most of these loans are 1 to 3 years old, so the odds are good that most are upside down at or at best 0$ equity. Combine this with a recession and the new “Debt Relief Act of 2008” and I think the lenders are going to be owning a lot more realestate this year compared to 2007!
March 10, 2008 at 12:21 PM #167132ParticipantWith about $550B in mortgages set to adjust this year, all sectors will have trouble meeting this requirement. Whether the loan is Prime, Alt-A or subprime. Having a high FICO score does not mean you didnt lie about your “stated income”. Most of these loans are 1 to 3 years old, so the odds are good that most are upside down at or at best 0$ equity. Combine this with a recession and the new “Debt Relief Act of 2008” and I think the lenders are going to be owning a lot more realestate this year compared to 2007!
March 10, 2008 at 12:21 PM #167194ParticipantWith about $550B in mortgages set to adjust this year, all sectors will have trouble meeting this requirement. Whether the loan is Prime, Alt-A or subprime. Having a high FICO score does not mean you didnt lie about your “stated income”. Most of these loans are 1 to 3 years old, so the odds are good that most are upside down at or at best 0$ equity. Combine this with a recession and the new “Debt Relief Act of 2008” and I think the lenders are going to be owning a lot more realestate this year compared to 2007!
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