I’d still like to see detailed demographics on ARMS, option ARMS, I/O’s and 100% financing, so that one could gauge the impact effectively. What are the odds that lenders or Fannie Mae release that info ???
Yes, I’d like to know this too.
I studied that list of top 80 employers in SD last night, and they (the companies listed) just don’t pay that well.
Maybe it’s all these mid-sized employers that pay so well? It’s like people say, attorneys and software developers working for start-ups? But how many of those people exist compared to just regular folks, trying to live the American Dream? And wouldn’t they (the attorneys and software developers) have more ability to see past the predatory loan sharks, and not actually take out the suicide loans?
I’ve lived here along time. The salaries have never been high. I wish we had some recruiters/hr people who could tell us what people really earn.
I’ve heard so many stories about those stated income loans where a grocery clerk and a truck driver say they earn $200K/year, and those are the ones that are going to lose it all.
I just think it’s going to really get ugly very soon….
