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(former)FormerSanDiegan
Participant[quote=sdduuuude]meant to say “the economic problems are over …” not “the economy is over … “[/quote]
Freudian slip ?
ParticipantI expect retail sales this holiday season to surpass the previous two (2007 and 2008).
ParticipantI expect retail sales this holiday season to surpass the previous two (2007 and 2008).
ParticipantI expect retail sales this holiday season to surpass the previous two (2007 and 2008).
ParticipantI expect retail sales this holiday season to surpass the previous two (2007 and 2008).
ParticipantI expect retail sales this holiday season to surpass the previous two (2007 and 2008).
Participant[quote=deadzone]
If any of you really belive this is over, or that the high-end won’t get hit, do you realize the Option ARM and Alt-A resets are due to hit in mass in 2010-2012? What % of these mortages do you think really got adjusted to fixed? How many of those adjusted will still go into default anyway? What more ammunition does the gov have to fend off this next foreclosure wave? Hard to lower interest rates any more than 0%.[/quote]
I agree that Option ARMS are toast.
But your typical Alt-A 5/1 ARMs are currently resetting to levels at or below their initial rate. In fact, the LIBOR would have to jump by nearly 3 percentage points from topday’s rates for the typical alt-A 5/1 ARMs to reset above 6%.Participant[quote=deadzone]
If any of you really belive this is over, or that the high-end won’t get hit, do you realize the Option ARM and Alt-A resets are due to hit in mass in 2010-2012? What % of these mortages do you think really got adjusted to fixed? How many of those adjusted will still go into default anyway? What more ammunition does the gov have to fend off this next foreclosure wave? Hard to lower interest rates any more than 0%.[/quote]
I agree that Option ARMS are toast.
But your typical Alt-A 5/1 ARMs are currently resetting to levels at or below their initial rate. In fact, the LIBOR would have to jump by nearly 3 percentage points from topday’s rates for the typical alt-A 5/1 ARMs to reset above 6%.Participant[quote=deadzone]
If any of you really belive this is over, or that the high-end won’t get hit, do you realize the Option ARM and Alt-A resets are due to hit in mass in 2010-2012? What % of these mortages do you think really got adjusted to fixed? How many of those adjusted will still go into default anyway? What more ammunition does the gov have to fend off this next foreclosure wave? Hard to lower interest rates any more than 0%.[/quote]
I agree that Option ARMS are toast.
But your typical Alt-A 5/1 ARMs are currently resetting to levels at or below their initial rate. In fact, the LIBOR would have to jump by nearly 3 percentage points from topday’s rates for the typical alt-A 5/1 ARMs to reset above 6%.Participant[quote=deadzone]
If any of you really belive this is over, or that the high-end won’t get hit, do you realize the Option ARM and Alt-A resets are due to hit in mass in 2010-2012? What % of these mortages do you think really got adjusted to fixed? How many of those adjusted will still go into default anyway? What more ammunition does the gov have to fend off this next foreclosure wave? Hard to lower interest rates any more than 0%.[/quote]
I agree that Option ARMS are toast.
But your typical Alt-A 5/1 ARMs are currently resetting to levels at or below their initial rate. In fact, the LIBOR would have to jump by nearly 3 percentage points from topday’s rates for the typical alt-A 5/1 ARMs to reset above 6%.Participant[quote=deadzone]
If any of you really belive this is over, or that the high-end won’t get hit, do you realize the Option ARM and Alt-A resets are due to hit in mass in 2010-2012? What % of these mortages do you think really got adjusted to fixed? How many of those adjusted will still go into default anyway? What more ammunition does the gov have to fend off this next foreclosure wave? Hard to lower interest rates any more than 0%.[/quote]
I agree that Option ARMS are toast.
But your typical Alt-A 5/1 ARMs are currently resetting to levels at or below their initial rate. In fact, the LIBOR would have to jump by nearly 3 percentage points from topday’s rates for the typical alt-A 5/1 ARMs to reset above 6%.Participant[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.
I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
For some reason I want to respond to your business opportunity. Seems like a great deal. But, if you can’t beat 10% monthly returns on insurance contracts or something like that I already found this other guy named Guido with whom to invest my life savings.
Participant[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.
I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
For some reason I want to respond to your business opportunity. Seems like a great deal. But, if you can’t beat 10% monthly returns on insurance contracts or something like that I already found this other guy named Guido with whom to invest my life savings.
Participant[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.
I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
For some reason I want to respond to your business opportunity. Seems like a great deal. But, if you can’t beat 10% monthly returns on insurance contracts or something like that I already found this other guy named Guido with whom to invest my life savings.
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