[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

Happened to me in Carmel Mountain Ranch. Decent looking guy with a car.

[bearnanke]

Happened to me in Carmel Mountain Ranch. Decent looking guy with a car.

[bearnanke]

Happened to me in Carmel Mountain Ranch. Decent looking guy with a car.

[bearnanke]

Happened to me in Carmel Mountain Ranch. Decent looking guy with a car.

[bearnanke]

Happened to me in Carmel Mountain Ranch. Decent looking guy with a car.

[bearnanke]

Agree with the wait statement. (MLS) Inventory alone is not a good indicator. You’ll want to take into account months of inventory, as well as what could be skewing the MLS inventory downward, the “shadow” inventory. Not to be tin-foil hat, but my daily tracking of foreclosures listed on foreclosure.com shows that ~7,000 foreclosures in SD, or roughly 30% of the MLS inventory.

With 63% (source: some article on Piggington.com) of sales last month being short-sales or REO… yeah, talk to us in October.

Bearnanke.

[bearnanke]

Agree with the wait statement. (MLS) Inventory alone is not a good indicator. You’ll want to take into account months of inventory, as well as what could be skewing the MLS inventory downward, the “shadow” inventory. Not to be tin-foil hat, but my daily tracking of foreclosures listed on foreclosure.com shows that ~7,000 foreclosures in SD, or roughly 30% of the MLS inventory.

With 63% (source: some article on Piggington.com) of sales last month being short-sales or REO… yeah, talk to us in October.

Bearnanke.

[bearnanke]

Agree with the wait statement. (MLS) Inventory alone is not a good indicator. You’ll want to take into account months of inventory, as well as what could be skewing the MLS inventory downward, the “shadow” inventory. Not to be tin-foil hat, but my daily tracking of foreclosures listed on foreclosure.com shows that ~7,000 foreclosures in SD, or roughly 30% of the MLS inventory.

With 63% (source: some article on Piggington.com) of sales last month being short-sales or REO… yeah, talk to us in October.

Bearnanke.

[bearnanke]

Agree with the wait statement. (MLS) Inventory alone is not a good indicator. You’ll want to take into account months of inventory, as well as what could be skewing the MLS inventory downward, the “shadow” inventory. Not to be tin-foil hat, but my daily tracking of foreclosures listed on foreclosure.com shows that ~7,000 foreclosures in SD, or roughly 30% of the MLS inventory.

With 63% (source: some article on Piggington.com) of sales last month being short-sales or REO… yeah, talk to us in October.

Bearnanke.

[bearnanke]

Agree with the wait statement. (MLS) Inventory alone is not a good indicator. You’ll want to take into account months of inventory, as well as what could be skewing the MLS inventory downward, the “shadow” inventory. Not to be tin-foil hat, but my daily tracking of foreclosures listed on foreclosure.com shows that ~7,000 foreclosures in SD, or roughly 30% of the MLS inventory.

With 63% (source: some article on Piggington.com) of sales last month being short-sales or REO… yeah, talk to us in October.

Bearnanke.

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