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April 27, 2008 at 6:18 PM in reply to: Mortgage resets a relative “non-event” per LA Times article #195301April 27, 2008 at 6:18 PM in reply to: Mortgage resets a relative “non-event” per LA Times article #195335BugsParticipant
According to the banker I was talking to yesterday, we’re looking at a good news-bad news scenario on rates.
The good news is that the rates are still low because there are still buyers for the paper.
The bad news is that it (supposedly) isn’t the foreign investors who are buying the paper, its those domestic lenders that are still solvent. It seems that since they aren’t making that many loans and they still have to make money that buying the best tranches at a discount is the next best thing.
Unfortunately, their liquidity is limited, and once they get maxed out that will be it. The other bummer is that once they buy those loans they are still vulnerable to any underperformance therein.
I’m just passing along the “rumor”. But if it’s substantially true we could soon be looking at significant increases in mortgage interest rates as these lenders run out of buyers for these loans.
April 27, 2008 at 6:18 PM in reply to: Mortgage resets a relative “non-event” per LA Times article #195360BugsParticipantAccording to the banker I was talking to yesterday, we’re looking at a good news-bad news scenario on rates.
The good news is that the rates are still low because there are still buyers for the paper.
The bad news is that it (supposedly) isn’t the foreign investors who are buying the paper, its those domestic lenders that are still solvent. It seems that since they aren’t making that many loans and they still have to make money that buying the best tranches at a discount is the next best thing.
Unfortunately, their liquidity is limited, and once they get maxed out that will be it. The other bummer is that once they buy those loans they are still vulnerable to any underperformance therein.
I’m just passing along the “rumor”. But if it’s substantially true we could soon be looking at significant increases in mortgage interest rates as these lenders run out of buyers for these loans.
April 27, 2008 at 6:18 PM in reply to: Mortgage resets a relative “non-event” per LA Times article #195379BugsParticipantAccording to the banker I was talking to yesterday, we’re looking at a good news-bad news scenario on rates.
The good news is that the rates are still low because there are still buyers for the paper.
The bad news is that it (supposedly) isn’t the foreign investors who are buying the paper, its those domestic lenders that are still solvent. It seems that since they aren’t making that many loans and they still have to make money that buying the best tranches at a discount is the next best thing.
Unfortunately, their liquidity is limited, and once they get maxed out that will be it. The other bummer is that once they buy those loans they are still vulnerable to any underperformance therein.
I’m just passing along the “rumor”. But if it’s substantially true we could soon be looking at significant increases in mortgage interest rates as these lenders run out of buyers for these loans.
April 27, 2008 at 6:18 PM in reply to: Mortgage resets a relative “non-event” per LA Times article #195420BugsParticipantAccording to the banker I was talking to yesterday, we’re looking at a good news-bad news scenario on rates.
The good news is that the rates are still low because there are still buyers for the paper.
The bad news is that it (supposedly) isn’t the foreign investors who are buying the paper, its those domestic lenders that are still solvent. It seems that since they aren’t making that many loans and they still have to make money that buying the best tranches at a discount is the next best thing.
Unfortunately, their liquidity is limited, and once they get maxed out that will be it. The other bummer is that once they buy those loans they are still vulnerable to any underperformance therein.
I’m just passing along the “rumor”. But if it’s substantially true we could soon be looking at significant increases in mortgage interest rates as these lenders run out of buyers for these loans.
BugsParticipantThe VA probably will make your seller fix everything other than the fence. The VA financing program is considered to be an entitlement program for our veterans. They care about health and safety items.
I doubt a seller will back out because of these items – the total cost is probably less than $1,000. If your offer made mention of your VA financing then they should have been advised by their agent what to expect.
BugsParticipantThe VA probably will make your seller fix everything other than the fence. The VA financing program is considered to be an entitlement program for our veterans. They care about health and safety items.
I doubt a seller will back out because of these items – the total cost is probably less than $1,000. If your offer made mention of your VA financing then they should have been advised by their agent what to expect.
BugsParticipantThe VA probably will make your seller fix everything other than the fence. The VA financing program is considered to be an entitlement program for our veterans. They care about health and safety items.
I doubt a seller will back out because of these items – the total cost is probably less than $1,000. If your offer made mention of your VA financing then they should have been advised by their agent what to expect.
BugsParticipantThe VA probably will make your seller fix everything other than the fence. The VA financing program is considered to be an entitlement program for our veterans. They care about health and safety items.
I doubt a seller will back out because of these items – the total cost is probably less than $1,000. If your offer made mention of your VA financing then they should have been advised by their agent what to expect.
BugsParticipantThe VA probably will make your seller fix everything other than the fence. The VA financing program is considered to be an entitlement program for our veterans. They care about health and safety items.
I doubt a seller will back out because of these items – the total cost is probably less than $1,000. If your offer made mention of your VA financing then they should have been advised by their agent what to expect.
BugsParticipantWhat I like about Zillow is that it is making more information available to anyone who wants to look. Yeah, there are some problems with their analytics but it’s better than nothing. These systems will get better as time goes on, and in some cases they’re already doing okay.
I see no reason for anyone to be pissed at them though. You get what you pay for and this one is a freebie. How can anyone be mad about that?
BugsParticipantWhat I like about Zillow is that it is making more information available to anyone who wants to look. Yeah, there are some problems with their analytics but it’s better than nothing. These systems will get better as time goes on, and in some cases they’re already doing okay.
I see no reason for anyone to be pissed at them though. You get what you pay for and this one is a freebie. How can anyone be mad about that?
BugsParticipantWhat I like about Zillow is that it is making more information available to anyone who wants to look. Yeah, there are some problems with their analytics but it’s better than nothing. These systems will get better as time goes on, and in some cases they’re already doing okay.
I see no reason for anyone to be pissed at them though. You get what you pay for and this one is a freebie. How can anyone be mad about that?
BugsParticipantWhat I like about Zillow is that it is making more information available to anyone who wants to look. Yeah, there are some problems with their analytics but it’s better than nothing. These systems will get better as time goes on, and in some cases they’re already doing okay.
I see no reason for anyone to be pissed at them though. You get what you pay for and this one is a freebie. How can anyone be mad about that?
BugsParticipantWhat I like about Zillow is that it is making more information available to anyone who wants to look. Yeah, there are some problems with their analytics but it’s better than nothing. These systems will get better as time goes on, and in some cases they’re already doing okay.
I see no reason for anyone to be pissed at them though. You get what you pay for and this one is a freebie. How can anyone be mad about that?
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