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gdcox
ParticipantIt is not the choice of the banks in a free market to lend non-recourse. It is the law of California.
In most sane countries, mortgages are full recourse and that encourages more sensible borrowing and cuts the size of any house price boom.
It is insane that banks are forced to lend non-recourse on second homes for example : more communist than capitalist.
ParticipantIt is not the choice of the banks in a free market to lend non-recourse. It is the law of California.
In most sane countries, mortgages are full recourse and that encourages more sensible borrowing and cuts the size of any house price boom.
It is insane that banks are forced to lend non-recourse on second homes for example : more communist than capitalist.
ParticipantIt is not the choice of the banks in a free market to lend non-recourse. It is the law of California.
In most sane countries, mortgages are full recourse and that encourages more sensible borrowing and cuts the size of any house price boom.
It is insane that banks are forced to lend non-recourse on second homes for example : more communist than capitalist.
ParticipantIt is not the choice of the banks in a free market to lend non-recourse. It is the law of California.
In most sane countries, mortgages are full recourse and that encourages more sensible borrowing and cuts the size of any house price boom.
It is insane that banks are forced to lend non-recourse on second homes for example : more communist than capitalist.
ParticipantI think a previous discussion string seemed to converge on Claremont as the ‘where’. Don’t know what ‘when’ would mean sd-t2.
ParticipantI think a previous discussion string seemed to converge on Claremont as the ‘where’. Don’t know what ‘when’ would mean sd-t2.
ParticipantI think a previous discussion string seemed to converge on Claremont as the ‘where’. Don’t know what ‘when’ would mean sd-t2.
ParticipantI think a previous discussion string seemed to converge on Claremont as the ‘where’. Don’t know what ‘when’ would mean sd-t2.
ParticipantI think a previous discussion string seemed to converge on Claremont as the ‘where’. Don’t know what ‘when’ would mean sd-t2.
ParticipantThanks for all that .
From the last link
‘Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007. ‘
Since the mortgage app figure includes refis, then the share of gov guarantees in the non-refi apps will be much large. I think I read somewhere that direct and indirect government support for non-refi apps was over 90%.
ParticipantThanks for all that .
From the last link
‘Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007. ‘
Since the mortgage app figure includes refis, then the share of gov guarantees in the non-refi apps will be much large. I think I read somewhere that direct and indirect government support for non-refi apps was over 90%.
ParticipantThanks for all that .
From the last link
‘Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007. ‘
Since the mortgage app figure includes refis, then the share of gov guarantees in the non-refi apps will be much large. I think I read somewhere that direct and indirect government support for non-refi apps was over 90%.
ParticipantThanks for all that .
From the last link
‘Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007. ‘
Since the mortgage app figure includes refis, then the share of gov guarantees in the non-refi apps will be much large. I think I read somewhere that direct and indirect government support for non-refi apps was over 90%.
ParticipantThanks for all that .
From the last link
‘Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007. ‘
Since the mortgage app figure includes refis, then the share of gov guarantees in the non-refi apps will be much large. I think I read somewhere that direct and indirect government support for non-refi apps was over 90%.
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