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cr.
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March 22, 2008 at 3:56 PM #174771March 22, 2008 at 4:04 PM #174776
tc
ParticipantAwesome!
March 22, 2008 at 4:04 PM #175129ParticipantAwesome!
March 22, 2008 at 4:04 PM #175131ParticipantAwesome!
March 22, 2008 at 4:04 PM #175229ParticipantAwesome!
March 22, 2008 at 4:04 PM #175141ParticipantAwesome!
March 22, 2008 at 4:47 PM #175254temeculaguy
ParticipantMaybe HLS will see this, I wonder what the effect of 15% down requirement will be? If you have to have PMI at 15% anyway, wouldn’t a buyer just lower their pruchase price target and go 20%? Or is PMI on a 15% down loan a much smaller price?
This story isn’t getting a ton of play but I think this will be one of the biggest catalysts for the next phase down in the market, what percentage of the “pent up demand” theory just got benched, I think the amount of buyers with cash in hand isn’t that large.
New T-shirt Idea…
“Got 20%”
or a new commercial for the the radio for the mortgage brokers…
“Get 20 or Get lost”
March 22, 2008 at 4:47 PM #175155ParticipantMaybe HLS will see this, I wonder what the effect of 15% down requirement will be? If you have to have PMI at 15% anyway, wouldn’t a buyer just lower their pruchase price target and go 20%? Or is PMI on a 15% down loan a much smaller price?
This story isn’t getting a ton of play but I think this will be one of the biggest catalysts for the next phase down in the market, what percentage of the “pent up demand” theory just got benched, I think the amount of buyers with cash in hand isn’t that large.
New T-shirt Idea…
“Got 20%”
or a new commercial for the the radio for the mortgage brokers…
“Get 20 or Get lost”
March 22, 2008 at 4:47 PM #175166ParticipantMaybe HLS will see this, I wonder what the effect of 15% down requirement will be? If you have to have PMI at 15% anyway, wouldn’t a buyer just lower their pruchase price target and go 20%? Or is PMI on a 15% down loan a much smaller price?
This story isn’t getting a ton of play but I think this will be one of the biggest catalysts for the next phase down in the market, what percentage of the “pent up demand” theory just got benched, I think the amount of buyers with cash in hand isn’t that large.
New T-shirt Idea…
“Got 20%”
or a new commercial for the the radio for the mortgage brokers…
“Get 20 or Get lost”
March 22, 2008 at 4:47 PM #175154ParticipantMaybe HLS will see this, I wonder what the effect of 15% down requirement will be? If you have to have PMI at 15% anyway, wouldn’t a buyer just lower their pruchase price target and go 20%? Or is PMI on a 15% down loan a much smaller price?
This story isn’t getting a ton of play but I think this will be one of the biggest catalysts for the next phase down in the market, what percentage of the “pent up demand” theory just got benched, I think the amount of buyers with cash in hand isn’t that large.
New T-shirt Idea…
“Got 20%”
or a new commercial for the the radio for the mortgage brokers…
“Get 20 or Get lost”
March 22, 2008 at 4:47 PM #174801ParticipantMaybe HLS will see this, I wonder what the effect of 15% down requirement will be? If you have to have PMI at 15% anyway, wouldn’t a buyer just lower their pruchase price target and go 20%? Or is PMI on a 15% down loan a much smaller price?
This story isn’t getting a ton of play but I think this will be one of the biggest catalysts for the next phase down in the market, what percentage of the “pent up demand” theory just got benched, I think the amount of buyers with cash in hand isn’t that large.
New T-shirt Idea…
“Got 20%”
or a new commercial for the the radio for the mortgage brokers…
“Get 20 or Get lost”
March 22, 2008 at 4:57 PM #175159highpacific
Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
March 22, 2008 at 4:57 PM #175160Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
March 22, 2008 at 4:57 PM #175171Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
March 22, 2008 at 4:57 PM #175259Participant“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone
I would have to disagree completely with Alan and JW. More easy credit is absolutely NOT what the U.S. economy and consumers need. Especially if its for the purpose of buying over-valued assets.
The rest of the article was very informative. And I am glad to see the industry getting back to it’s senses.
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