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kelly.
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June 3, 2009 at 2:37 PM #410619June 3, 2009 at 2:59 PM #409929
PadreBrian
ParticipantI had a neighbor reset their loan. He had an option arm time-bomb. Don’t know the details, but he’s only paying 150 bucks more a month than the original loan.
June 3, 2009 at 2:59 PM #410166ParticipantI had a neighbor reset their loan. He had an option arm time-bomb. Don’t know the details, but he’s only paying 150 bucks more a month than the original loan.
June 3, 2009 at 2:59 PM #410414ParticipantI had a neighbor reset their loan. He had an option arm time-bomb. Don’t know the details, but he’s only paying 150 bucks more a month than the original loan.
June 3, 2009 at 2:59 PM #410476ParticipantI had a neighbor reset their loan. He had an option arm time-bomb. Don’t know the details, but he’s only paying 150 bucks more a month than the original loan.
June 3, 2009 at 2:59 PM #410629ParticipantI had a neighbor reset their loan. He had an option arm time-bomb. Don’t know the details, but he’s only paying 150 bucks more a month than the original loan.
June 3, 2009 at 3:34 PM #409938kelly
ParticipantWow, this is all helpful stuff… if anybody knows people who are willing to talk about this, shoot me an e-mail.
Perhaps this second wave is actually going to be people refinancing and landing in a more stable place than they once were in.
But without the equity, will those refi’s involve a ton of extra money poured in as equity?
June 3, 2009 at 3:34 PM #410176ParticipantWow, this is all helpful stuff… if anybody knows people who are willing to talk about this, shoot me an e-mail.
Perhaps this second wave is actually going to be people refinancing and landing in a more stable place than they once were in.
But without the equity, will those refi’s involve a ton of extra money poured in as equity?
June 3, 2009 at 3:34 PM #410424ParticipantWow, this is all helpful stuff… if anybody knows people who are willing to talk about this, shoot me an e-mail.
Perhaps this second wave is actually going to be people refinancing and landing in a more stable place than they once were in.
But without the equity, will those refi’s involve a ton of extra money poured in as equity?
June 3, 2009 at 3:34 PM #410486ParticipantWow, this is all helpful stuff… if anybody knows people who are willing to talk about this, shoot me an e-mail.
Perhaps this second wave is actually going to be people refinancing and landing in a more stable place than they once were in.
But without the equity, will those refi’s involve a ton of extra money poured in as equity?
June 3, 2009 at 3:34 PM #410639ParticipantWow, this is all helpful stuff… if anybody knows people who are willing to talk about this, shoot me an e-mail.
Perhaps this second wave is actually going to be people refinancing and landing in a more stable place than they once were in.
But without the equity, will those refi’s involve a ton of extra money poured in as equity?
June 3, 2009 at 3:43 PM #409948sdnerd
ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
June 3, 2009 at 3:43 PM #410186ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
June 3, 2009 at 3:43 PM #410434ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
June 3, 2009 at 3:43 PM #410496ParticipantThere is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.
This is what makes up a large portion of the Shadow Inventory!
Very, very, very few are going to write another 20%+ check in order to refinance.
The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….
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