[NotCranky]

The Guam house is on Nino Perdido street. That is spanish for “lost child”. What kind of implication could that have?

[NotCranky]

The Guam house is on Nino Perdido street. That is spanish for “lost child”. What kind of implication could that have?

[NotCranky]

Submitted by no_such_reality on August 3, 2007 – 11:38am.
“Any meddling to maintain the prices will result in hyperinflation. In also results in punishing anybody that didn’t participate in an irrational market.

The chips need to fall where they fall without an attempt to artificially maintain an unsustainable situation.”

If serious measures are enacted it might be to fix ills as serious or worse than hyper- inflation and stabilize/stimulate or in other words rescue the economy. Punishing smart people won’t have anything to do with it.I don’t underestimate what this bubble can do especially combined with the other weak areas in our national financial picture. I don’t automatically buy that a correction based in rational theories is going to do it.
It could work out real nice as scheduled but it is too early to take that for granted IMO.

If big time “meddling ” comes about it won’t be to save one sinking ship it will be to save the whole fleet or most of it.

I think teasing the Realtors is funny. Even on this blog, we tend to edit and spell worse than the average poster, who tends to be highly literate.Today I have the extra excuse of holding an wiggly 8 month old in my lap and trying to keep my 3&4 year old from putting each other in the hospital.
best wishes

[NotCranky]

Submitted by no_such_reality on August 3, 2007 – 11:38am.
“Any meddling to maintain the prices will result in hyperinflation. In also results in punishing anybody that didn’t participate in an irrational market.

The chips need to fall where they fall without an attempt to artificially maintain an unsustainable situation.”

If serious measures are enacted it might be to fix ills as serious or worse than hyper- inflation and stabilize/stimulate or in other words rescue the economy. Punishing smart people won’t have anything to do with it.I don’t underestimate what this bubble can do especially combined with the other weak areas in our national financial picture. I don’t automatically buy that a correction based in rational theories is going to do it.
It could work out real nice as scheduled but it is too early to take that for granted IMO.

If big time “meddling ” comes about it won’t be to save one sinking ship it will be to save the whole fleet or most of it.

I think teasing the Realtors is funny. Even on this blog, we tend to edit and spell worse than the average poster, who tends to be highly literate.Today I have the extra excuse of holding an wiggly 8 month old in my lap and trying to keep my 3&4 year old from putting each other in the hospital.
best wishes

[NotCranky]

What you are saying makes sense to me HWG. I don’t see the constructive proactive tendancies in the system. I say this because of the denial of the housing bubble and especially the denial that the housing bubble and resultant implosion would/will torpedo the economy with a direct hit.

I hate to say it but maybe they should put a moratorium on resets and tighten lending standards for new loans and maybe a few other things that are probably beyond my sphere of understanding? I’ll be leaving the blog now that I suggested that.
Just food for thought.

[NotCranky]

What you are saying makes sense to me HWG. I don’t see the constructive proactive tendancies in the system. I say this because of the denial of the housing bubble and especially the denial that the housing bubble and resultant implosion would/will torpedo the economy with a direct hit.

I hate to say it but maybe they should put a moratorium on resets and tighten lending standards for new loans and maybe a few other things that are probably beyond my sphere of understanding? I’ll be leaving the blog now that I suggested that.
Just food for thought.

[NotCranky]

Nor-La-Temcu-SD-GUY

C’mon Guy, It’s “be nice to Realtor day ” and also “especially be nice mortgage broker Day.”

Hell before this is over we don’t know who is going to need a little extra TLC.

[NotCranky]

Nor-La-Temcu-SD-GUY

C’mon Guy, It’s “be nice to Realtor day ” and also “especially be nice mortgage broker Day.”

Hell before this is over we don’t know who is going to need a little extra TLC.

[NotCranky]

“Don’t discount the powers of the Fed.”

HWG I think we you are exclusively referring to the central bank? What about other government intervention and also perhaps something a little stronger from the lenders,gse’s than loan modification and new products.

I don’t think anything will happen soon. When and if the sick RE market coincides with a struggling stock market and a dismal economy, something could happen. I wouldn’t be the first time. With the federal deficit,frozen RE market , and a sick stock market I think we will see the biggest recession in our life times.
We could have voluntary forbearance by the lenders and even perhaps a moratorium on foreclosures by the government.I was thinking a moratorium on resets might happen but the worst case scenario would not be upon us until after the big wave and subsequent foreclsoure activity has passed. Perhaps nationally we could be in such a desperate state at the turn of the next decade that some new legislation or seriously creative responses by the mortgage industry might come into play against deepening chaos.

Just food for thought.

[NotCranky]

“Don’t discount the powers of the Fed.”

HWG I think we you are exclusively referring to the central bank? What about other government intervention and also perhaps something a little stronger from the lenders,gse’s than loan modification and new products.

I don’t think anything will happen soon. When and if the sick RE market coincides with a struggling stock market and a dismal economy, something could happen. I wouldn’t be the first time. With the federal deficit,frozen RE market , and a sick stock market I think we will see the biggest recession in our life times.
We could have voluntary forbearance by the lenders and even perhaps a moratorium on foreclosures by the government.I was thinking a moratorium on resets might happen but the worst case scenario would not be upon us until after the big wave and subsequent foreclsoure activity has passed. Perhaps nationally we could be in such a desperate state at the turn of the next decade that some new legislation or seriously creative responses by the mortgage industry might come into play against deepening chaos.

Just food for thought.

[NotCranky]

The answer to today’s question on this thread “Why are mortgage brokers pushing interest only loans?”. Maybe this: Lenders want them to because the are conforming and also has a slight possibility of being enough to get someone into a house in California(and a commission for a mortgage broker used to dealing with greater fools). As Contraman has pointed out on two threads, several lenders are demanding conforming loans. Fannie mae has guidelines for interest only loans that meet the conforming standards and also hold any hope for actually getting someone in California into a house.They have long interest only periods like the type being talked about on this thread. The question now lingers, are these lenders offering incentives to Mortgage brokers to originate this loan?

[NotCranky]

The answer to today’s question on this thread “Why are mortgage brokers pushing interest only loans?”. Maybe this: Lenders want them to because the are conforming and also has a slight possibility of being enough to get someone into a house in California(and a commission for a mortgage broker used to dealing with greater fools). As Contraman has pointed out on two threads, several lenders are demanding conforming loans. Fannie mae has guidelines for interest only loans that meet the conforming standards and also hold any hope for actually getting someone in California into a house.They have long interest only periods like the type being talked about on this thread. The question now lingers, are these lenders offering incentives to Mortgage brokers to originate this loan?

[NotCranky]

Thanks critter,

I found one link. It doesn’t do much more than verify that the name was Ray Huffman as you said. I always found it interesting that one developer controlled so much of an infill project of that type.

[NotCranky]

Thanks critter,

I found one link. It doesn’t do much more than verify that the name was Ray Huffman as you said. I always found it interesting that one developer controlled so much of an infill project of that type.

[NotCranky]

Good luck to you cooprider, what ever you do.

[Author]

Posts