Home › Forums › Housing › Wells Fargo has reduced mortgage balances on 43,500 option ARM’s and counting
- This topic has 115 replies, 15 voices, and was last updated 14 years, 6 months ago by jameswenn.
-
AuthorPosts
-
November 10, 2009 at 8:13 AM #480667November 10, 2009 at 10:31 AM #479896sd_mattParticipant
I’ve been thinking for the last few months that public awareness could be a major wild card.
So the second wave of loan resets and the supposed “shadow inventory” grows ever bigger. Will the media make this a big story or will it protect the banks?
If average Joe gets wind of a big shadow inventory then the market could become a standoff between buyer and bank.
Just my theory.
November 10, 2009 at 10:31 AM #480064sd_mattParticipantI’ve been thinking for the last few months that public awareness could be a major wild card.
So the second wave of loan resets and the supposed “shadow inventory” grows ever bigger. Will the media make this a big story or will it protect the banks?
If average Joe gets wind of a big shadow inventory then the market could become a standoff between buyer and bank.
Just my theory.
November 10, 2009 at 10:31 AM #480422sd_mattParticipantI’ve been thinking for the last few months that public awareness could be a major wild card.
So the second wave of loan resets and the supposed “shadow inventory” grows ever bigger. Will the media make this a big story or will it protect the banks?
If average Joe gets wind of a big shadow inventory then the market could become a standoff between buyer and bank.
Just my theory.
November 10, 2009 at 10:31 AM #480501sd_mattParticipantI’ve been thinking for the last few months that public awareness could be a major wild card.
So the second wave of loan resets and the supposed “shadow inventory” grows ever bigger. Will the media make this a big story or will it protect the banks?
If average Joe gets wind of a big shadow inventory then the market could become a standoff between buyer and bank.
Just my theory.
November 10, 2009 at 10:31 AM #480725sd_mattParticipantI’ve been thinking for the last few months that public awareness could be a major wild card.
So the second wave of loan resets and the supposed “shadow inventory” grows ever bigger. Will the media make this a big story or will it protect the banks?
If average Joe gets wind of a big shadow inventory then the market could become a standoff between buyer and bank.
Just my theory.
November 11, 2009 at 12:51 PM #480587jameswennParticipant[quote=Nor-LA-SD-guy][quote=denverite]I sold my house in Denver and moved to Camarillo, now rent a small granny flat in the foothills on one acre. It looks like that will be home for quite some time![/quote]
Camarillo and the North L.A. area are still quite expensive, you can pay 400K easy for a place in an area you would be somewhat scared drive through.[/quote]
Camarillo is not LA, it’s Ventura County. When i worked at Countrywide, there were alot of middle managers moving to all the new homes there. It’s basically like living in Vista, it’s pretty much in the middle of nowhere and there’s not alot of jobs in the area there unless you work for Amgen or BofA.
November 11, 2009 at 12:51 PM #480759jameswennParticipant[quote=Nor-LA-SD-guy][quote=denverite]I sold my house in Denver and moved to Camarillo, now rent a small granny flat in the foothills on one acre. It looks like that will be home for quite some time![/quote]
Camarillo and the North L.A. area are still quite expensive, you can pay 400K easy for a place in an area you would be somewhat scared drive through.[/quote]
Camarillo is not LA, it’s Ventura County. When i worked at Countrywide, there were alot of middle managers moving to all the new homes there. It’s basically like living in Vista, it’s pretty much in the middle of nowhere and there’s not alot of jobs in the area there unless you work for Amgen or BofA.
November 11, 2009 at 12:51 PM #481120jameswennParticipant[quote=Nor-LA-SD-guy][quote=denverite]I sold my house in Denver and moved to Camarillo, now rent a small granny flat in the foothills on one acre. It looks like that will be home for quite some time![/quote]
Camarillo and the North L.A. area are still quite expensive, you can pay 400K easy for a place in an area you would be somewhat scared drive through.[/quote]
Camarillo is not LA, it’s Ventura County. When i worked at Countrywide, there were alot of middle managers moving to all the new homes there. It’s basically like living in Vista, it’s pretty much in the middle of nowhere and there’s not alot of jobs in the area there unless you work for Amgen or BofA.
November 11, 2009 at 12:51 PM #481200jameswennParticipant[quote=Nor-LA-SD-guy][quote=denverite]I sold my house in Denver and moved to Camarillo, now rent a small granny flat in the foothills on one acre. It looks like that will be home for quite some time![/quote]
Camarillo and the North L.A. area are still quite expensive, you can pay 400K easy for a place in an area you would be somewhat scared drive through.[/quote]
Camarillo is not LA, it’s Ventura County. When i worked at Countrywide, there were alot of middle managers moving to all the new homes there. It’s basically like living in Vista, it’s pretty much in the middle of nowhere and there’s not alot of jobs in the area there unless you work for Amgen or BofA.
November 11, 2009 at 12:51 PM #481420jameswennParticipant[quote=Nor-LA-SD-guy][quote=denverite]I sold my house in Denver and moved to Camarillo, now rent a small granny flat in the foothills on one acre. It looks like that will be home for quite some time![/quote]
Camarillo and the North L.A. area are still quite expensive, you can pay 400K easy for a place in an area you would be somewhat scared drive through.[/quote]
Camarillo is not LA, it’s Ventura County. When i worked at Countrywide, there were alot of middle managers moving to all the new homes there. It’s basically like living in Vista, it’s pretty much in the middle of nowhere and there’s not alot of jobs in the area there unless you work for Amgen or BofA.
-
AuthorPosts
- You must be logged in to reply to this topic.