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May 17, 2008 at 3:33 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206569May 17, 2008 at 3:33 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206601
Kingside
ParticipantHLS, you seem pretty anti-investor. IMHO, investors will eventually be a big part of the solution, once fundamentals make sense for investors. The problem of speculators seeing housing as appreciating flipable equity was a few years ago. I don’t think it is how most investors view the situation today.
Why wouldn’t AITDs be acceptable in the right situation? you seem to suggest there is something wrong with them on principal. You think passing rules to discourage investors will get us through the train wreck quicker? I think the opposite is true.
Alienation of property should be encouraged, not restrained.
May 17, 2008 at 3:33 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206623ParticipantHLS, you seem pretty anti-investor. IMHO, investors will eventually be a big part of the solution, once fundamentals make sense for investors. The problem of speculators seeing housing as appreciating flipable equity was a few years ago. I don’t think it is how most investors view the situation today.
Why wouldn’t AITDs be acceptable in the right situation? you seem to suggest there is something wrong with them on principal. You think passing rules to discourage investors will get us through the train wreck quicker? I think the opposite is true.
Alienation of property should be encouraged, not restrained.
May 17, 2008 at 3:33 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206653ParticipantHLS, you seem pretty anti-investor. IMHO, investors will eventually be a big part of the solution, once fundamentals make sense for investors. The problem of speculators seeing housing as appreciating flipable equity was a few years ago. I don’t think it is how most investors view the situation today.
Why wouldn’t AITDs be acceptable in the right situation? you seem to suggest there is something wrong with them on principal. You think passing rules to discourage investors will get us through the train wreck quicker? I think the opposite is true.
Alienation of property should be encouraged, not restrained.
May 17, 2008 at 12:20 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206462Participant“OK… what genius has the next idea that isn’t going to work either ??”
How about putting a five year or so moratorium on lenders exercising due on sale clauses for loans that are not in default? Granted, lenders probably would not exercise them now anyway in the current market climate, but investors would have some incentive to assume these things without fear of having a loan called on them. Not a cure all, but maybe a step in the right direction.
May 17, 2008 at 12:20 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206514Participant“OK… what genius has the next idea that isn’t going to work either ??”
How about putting a five year or so moratorium on lenders exercising due on sale clauses for loans that are not in default? Granted, lenders probably would not exercise them now anyway in the current market climate, but investors would have some incentive to assume these things without fear of having a loan called on them. Not a cure all, but maybe a step in the right direction.
May 17, 2008 at 12:20 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206544Participant“OK… what genius has the next idea that isn’t going to work either ??”
How about putting a five year or so moratorium on lenders exercising due on sale clauses for loans that are not in default? Granted, lenders probably would not exercise them now anyway in the current market climate, but investors would have some incentive to assume these things without fear of having a loan called on them. Not a cure all, but maybe a step in the right direction.
May 17, 2008 at 12:20 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206571Participant“OK… what genius has the next idea that isn’t going to work either ??”
How about putting a five year or so moratorium on lenders exercising due on sale clauses for loans that are not in default? Granted, lenders probably would not exercise them now anyway in the current market climate, but investors would have some incentive to assume these things without fear of having a loan called on them. Not a cure all, but maybe a step in the right direction.
May 17, 2008 at 12:20 PM in reply to: FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; #206599Participant“OK… what genius has the next idea that isn’t going to work either ??”
How about putting a five year or so moratorium on lenders exercising due on sale clauses for loans that are not in default? Granted, lenders probably would not exercise them now anyway in the current market climate, but investors would have some incentive to assume these things without fear of having a loan called on them. Not a cure all, but maybe a step in the right direction.
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