X1Y273 – you are such a welcome addition to the forum. I’ve waited for 9 months for you!
The main question I have would be adddressing those on this forum who say that ARMs are not a big problem, because people will just refinance. I’ve posted this is usually impossible due to the higher interest rates that would prevent people form qualifying, and the loss of equity. Could you provide more details on the possibility of people refinancing out of these time bomb loans?
What is the usual income for someone buying the $1 mil tract homes?
How popular was equity cash-outs for people who bought their homes before 1999, esp. those who owned their homes since 20 years or more?
What is the financial situation of seniors?
Did your company keep statistics on loans given and loan performance? Where can we get data on the types of loans given in San Diego?
Does anyone keep data on CLTV? When someone gets an 80/20, isn’t that recorded as a loan with 20% equity?
What is the role of global investors, and what is the change in the risk premium they command?
How is the rising foreclosures affecting your bank’s lending guidelines? Do you have any thoughts on GSEs, CMOs or MBS?