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  • May 23, 2008 at 1:29 AM #12825
    gdcox
    Participant

    http://globaleconomicanalysis.blogspot.com/2008/05/alt-delinquencies-soar.html
    This is a bit heavy for me. Others may like to comment. I think there is some interesting info here; eg link /delay between NOD and REO status and actual sale (indicated by start of losses), but I am not confident enough to interpret in detail.

    May 23, 2008 at 7:15 AM #210391
    JWM in SD
    Participant

    The coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.

    Carmel Valley aint going to survive this. No Way. Watch and learn.

    May 23, 2008 at 7:15 AM #210460
    JWM in SD
    Participant

    The coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.

    Carmel Valley aint going to survive this. No Way. Watch and learn.

    May 23, 2008 at 7:15 AM #210487
    JWM in SD
    Participant

    The coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.

    Carmel Valley aint going to survive this. No Way. Watch and learn.

    May 23, 2008 at 7:15 AM #210507
    JWM in SD
    Participant

    The coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.

    Carmel Valley aint going to survive this. No Way. Watch and learn.

    May 23, 2008 at 7:15 AM #210544
    JWM in SD
    Participant

    The coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.

    Carmel Valley aint going to survive this. No Way. Watch and learn.

    May 23, 2008 at 9:51 AM #210496
    1ABHO
    Participant

    I agree that Alt A implosion is coming. Lots of folks (subprime and Alt A) upgraded to bigger newer homes, spent $, extended credit, bought fancy cars, etc to “enjoy life and live to its fullest.” Realistic prices are coming, just wait.

    May 23, 2008 at 9:51 AM #210565
    1ABHO
    Participant

    I agree that Alt A implosion is coming. Lots of folks (subprime and Alt A) upgraded to bigger newer homes, spent $, extended credit, bought fancy cars, etc to “enjoy life and live to its fullest.” Realistic prices are coming, just wait.

    May 23, 2008 at 9:51 AM #210592
    1ABHO
    Participant

    I agree that Alt A implosion is coming. Lots of folks (subprime and Alt A) upgraded to bigger newer homes, spent $, extended credit, bought fancy cars, etc to “enjoy life and live to its fullest.” Realistic prices are coming, just wait.

    May 23, 2008 at 9:51 AM #210614
    1ABHO
    Participant

    I agree that Alt A implosion is coming. Lots of folks (subprime and Alt A) upgraded to bigger newer homes, spent $, extended credit, bought fancy cars, etc to “enjoy life and live to its fullest.” Realistic prices are coming, just wait.

    May 23, 2008 at 9:51 AM #210648
    1ABHO
    Participant

    I agree that Alt A implosion is coming. Lots of folks (subprime and Alt A) upgraded to bigger newer homes, spent $, extended credit, bought fancy cars, etc to “enjoy life and live to its fullest.” Realistic prices are coming, just wait.

    May 23, 2008 at 3:14 PM #210716
    kewp
    Participant

    My theory is that the banks are delaying the process to collect as much mortgage insurance as possible. I expect this to continue until the insurers all go bankrupt; at which point all hell is going to break loose.

    You ain’t seen nothing yet, folks.

    May 23, 2008 at 3:14 PM #210870
    kewp
    Participant

    My theory is that the banks are delaying the process to collect as much mortgage insurance as possible. I expect this to continue until the insurers all go bankrupt; at which point all hell is going to break loose.

    You ain’t seen nothing yet, folks.

    May 23, 2008 at 3:14 PM #210833
    kewp
    Participant

    My theory is that the banks are delaying the process to collect as much mortgage insurance as possible. I expect this to continue until the insurers all go bankrupt; at which point all hell is going to break loose.

    You ain’t seen nothing yet, folks.

    May 23, 2008 at 3:14 PM #210812
    kewp
    Participant

    My theory is that the banks are delaying the process to collect as much mortgage insurance as possible. I expect this to continue until the insurers all go bankrupt; at which point all hell is going to break loose.

    You ain’t seen nothing yet, folks.

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