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ParticipantDo the reset charts in HELOC’s too? Or just new mortgages?
That will make quite a difference too.
ParticipantDo the reset charts in HELOC’s too? Or just new mortgages?
That will make quite a difference too.
ParticipantDo the reset charts in HELOC’s too? Or just new mortgages?
That will make quite a difference too.
ParticipantDo the reset charts in HELOC’s too? Or just new mortgages?
That will make quite a difference too.
ParticipantYes ALT-A were the No Income, No Job, or Asset loans that helped coin the phrase “if you can fog a mirror, you can get a loan.”
I think they basically assume the people applying for them have good credit. The alt refers to them being “alternative”.
In other words they’re gay.
Seriously though, the default rate on these could be worse than sub-prime. Realtors/brokers would say these are for people with fluctuating incomes like actors or entrepreneurs, but not in recent years. Unless you replace actor with teacher, and entrepreneur with house wife.
ParticipantYes ALT-A were the No Income, No Job, or Asset loans that helped coin the phrase “if you can fog a mirror, you can get a loan.”
I think they basically assume the people applying for them have good credit. The alt refers to them being “alternative”.
In other words they’re gay.
Seriously though, the default rate on these could be worse than sub-prime. Realtors/brokers would say these are for people with fluctuating incomes like actors or entrepreneurs, but not in recent years. Unless you replace actor with teacher, and entrepreneur with house wife.
ParticipantYes ALT-A were the No Income, No Job, or Asset loans that helped coin the phrase “if you can fog a mirror, you can get a loan.”
I think they basically assume the people applying for them have good credit. The alt refers to them being “alternative”.
In other words they’re gay.
Seriously though, the default rate on these could be worse than sub-prime. Realtors/brokers would say these are for people with fluctuating incomes like actors or entrepreneurs, but not in recent years. Unless you replace actor with teacher, and entrepreneur with house wife.
ParticipantYes ALT-A were the No Income, No Job, or Asset loans that helped coin the phrase “if you can fog a mirror, you can get a loan.”
I think they basically assume the people applying for them have good credit. The alt refers to them being “alternative”.
In other words they’re gay.
Seriously though, the default rate on these could be worse than sub-prime. Realtors/brokers would say these are for people with fluctuating incomes like actors or entrepreneurs, but not in recent years. Unless you replace actor with teacher, and entrepreneur with house wife.
ParticipantYes ALT-A were the No Income, No Job, or Asset loans that helped coin the phrase “if you can fog a mirror, you can get a loan.”
I think they basically assume the people applying for them have good credit. The alt refers to them being “alternative”.
In other words they’re gay.
Seriously though, the default rate on these could be worse than sub-prime. Realtors/brokers would say these are for people with fluctuating incomes like actors or entrepreneurs, but not in recent years. Unless you replace actor with teacher, and entrepreneur with house wife.
March 10, 2008 at 3:23 PM in reply to: Orange County and San Diego flagged as “fairly valued” #166945ParticipantOne problem I see is as alluded to above it takes economic factors as relatively constant.
That 63,000 drop in payrolls last month will have just a minor affect on this study. Other incomes are dropping, and we haven’t even seen the next shoe drop in loan resets.
Nice try though.
March 10, 2008 at 3:23 PM in reply to: Orange County and San Diego flagged as “fairly valued” #167264ParticipantOne problem I see is as alluded to above it takes economic factors as relatively constant.
That 63,000 drop in payrolls last month will have just a minor affect on this study. Other incomes are dropping, and we haven’t even seen the next shoe drop in loan resets.
Nice try though.
March 10, 2008 at 3:23 PM in reply to: Orange County and San Diego flagged as “fairly valued” #167269ParticipantOne problem I see is as alluded to above it takes economic factors as relatively constant.
That 63,000 drop in payrolls last month will have just a minor affect on this study. Other incomes are dropping, and we haven’t even seen the next shoe drop in loan resets.
Nice try though.
March 10, 2008 at 3:23 PM in reply to: Orange County and San Diego flagged as “fairly valued” #167303ParticipantOne problem I see is as alluded to above it takes economic factors as relatively constant.
That 63,000 drop in payrolls last month will have just a minor affect on this study. Other incomes are dropping, and we haven’t even seen the next shoe drop in loan resets.
Nice try though.
March 10, 2008 at 3:23 PM in reply to: Orange County and San Diego flagged as “fairly valued” #167366ParticipantOne problem I see is as alluded to above it takes economic factors as relatively constant.
That 63,000 drop in payrolls last month will have just a minor affect on this study. Other incomes are dropping, and we haven’t even seen the next shoe drop in loan resets.
Nice try though.
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