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June 7, 2008 at 8:39 AM #12975June 7, 2008 at 12:07 PM #218956
jpinpb
ParticipantThat’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.
June 7, 2008 at 12:07 PM #219049ParticipantThat’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.
June 7, 2008 at 12:07 PM #219067ParticipantThat’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.
June 7, 2008 at 12:07 PM #219098ParticipantThat’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.
June 7, 2008 at 12:07 PM #219118ParticipantThat’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.
June 7, 2008 at 1:43 PM #218996bearnanke
ParticipantI’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.
I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.
(Bearnanke – since 2005, took me a while to be correct!)
June 7, 2008 at 1:43 PM #219088ParticipantI’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.
I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.
(Bearnanke – since 2005, took me a while to be correct!)
June 7, 2008 at 1:43 PM #219106ParticipantI’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.
I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.
(Bearnanke – since 2005, took me a while to be correct!)
June 7, 2008 at 1:43 PM #219138ParticipantI’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.
I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.
(Bearnanke – since 2005, took me a while to be correct!)
June 7, 2008 at 1:43 PM #219159ParticipantI’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.
I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.
(Bearnanke – since 2005, took me a while to be correct!)
June 7, 2008 at 2:04 PM #219001Participant(Bearnanke – since 2005, took me a while to be correct!)
I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.
June 7, 2008 at 2:04 PM #219093Participant(Bearnanke – since 2005, took me a while to be correct!)
I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.
June 7, 2008 at 2:04 PM #219111Participant(Bearnanke – since 2005, took me a while to be correct!)
I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.
June 7, 2008 at 2:04 PM #219143Participant(Bearnanke – since 2005, took me a while to be correct!)
I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.
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