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jpinpb.
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June 25, 2008 at 4:37 PM #228438June 25, 2008 at 4:37 PM #228555
jpinpb
Participant[img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47]
June 25, 2008 at 4:37 PM #228562Participant[img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47]
June 25, 2008 at 4:37 PM #228598Participant[img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47]
June 25, 2008 at 4:37 PM #228614Participant[img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47]
June 25, 2008 at 5:23 PM #228451(former)FormerSanDiegan
Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
June 25, 2008 at 5:23 PM #228570Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
June 25, 2008 at 5:23 PM #228576Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
June 25, 2008 at 5:23 PM #228611Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
June 25, 2008 at 5:23 PM #228629Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
June 25, 2008 at 5:44 PM #228461sdduuuude
Participantccutequeen – if you get a chance, come back in a few months and let us know how the savings plan works. Were you able to do it? Was it easy? Hard? impossible? Thanks.
June 25, 2008 at 5:44 PM #228580Participantccutequeen – if you get a chance, come back in a few months and let us know how the savings plan works. Were you able to do it? Was it easy? Hard? impossible? Thanks.
June 25, 2008 at 5:44 PM #228586Participantccutequeen – if you get a chance, come back in a few months and let us know how the savings plan works. Were you able to do it? Was it easy? Hard? impossible? Thanks.
June 25, 2008 at 5:44 PM #228621Participantccutequeen – if you get a chance, come back in a few months and let us know how the savings plan works. Were you able to do it? Was it easy? Hard? impossible? Thanks.
June 25, 2008 at 5:44 PM #228636Participantccutequeen – if you get a chance, come back in a few months and let us know how the savings plan works. Were you able to do it? Was it easy? Hard? impossible? Thanks.
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