Moving next door

[patientrenter]

DaC, I see what you’re saying: Lend far more to a new purchaser than the home will be worth in 3 years time, because that way you boost the price today and so take less of a loss when you foreclose next month on the guy next door who bought/HELOC’d last year.

This would make some sense in a monopoly, where only one investor provided all old and new mortgage money. But many of the parties involved in mortgages have changed. Why would new investors in mortgages want to support the people who bought last year’s mortgages?

Patient renter in OC

[cr]

People don’t understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

[cr]

People don’t understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

[cr]

People don’t understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

[cr]

People don’t understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

[cr]

People don’t understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

[nostradamus]

People don't understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

Usually sometime after their 2nd term in office.

[nostradamus]

People don't understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

Usually sometime after their 2nd term in office.

[nostradamus]

People don't understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

Usually sometime after their 2nd term in office.

[nostradamus]

People don't understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

Usually sometime after their 2nd term in office.

[nostradamus]

People don't understand the concept that someday a total lack of morals, ethics, and responsibility will some day catch up to them.

The only question is when.

Usually sometime after their 2nd term in office.

[DaCounselor]

“Why would new investors in mortgages want to support the people who bought last year’s mortgages?”
__________________________

I think what remains is primarily a shrunken pool of pre-existing lenders with a certain percentage of shaky loans on the books (again, an oversimplication due to the securitized portion of the business). I’m absolutely guessing but my guess is that we have very few new players with no existing exposure.

[DaCounselor]

“Why would new investors in mortgages want to support the people who bought last year’s mortgages?”
__________________________

I think what remains is primarily a shrunken pool of pre-existing lenders with a certain percentage of shaky loans on the books (again, an oversimplication due to the securitized portion of the business). I’m absolutely guessing but my guess is that we have very few new players with no existing exposure.

[DaCounselor]

“Why would new investors in mortgages want to support the people who bought last year’s mortgages?”
__________________________

I think what remains is primarily a shrunken pool of pre-existing lenders with a certain percentage of shaky loans on the books (again, an oversimplication due to the securitized portion of the business). I’m absolutely guessing but my guess is that we have very few new players with no existing exposure.

[DaCounselor]

“Why would new investors in mortgages want to support the people who bought last year’s mortgages?”
__________________________

I think what remains is primarily a shrunken pool of pre-existing lenders with a certain percentage of shaky loans on the books (again, an oversimplication due to the securitized portion of the business). I’m absolutely guessing but my guess is that we have very few new players with no existing exposure.

[Author]

Posts