Forum Replies Created
-
AuthorPosts
-
December 2, 2007 at 7:42 AM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107330December 2, 2007 at 7:42 AM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107334
ocrenter
ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
but then this would be purely for show! the very reason for these subprime loans was because normal folks can’t afford to buy homes with normal rates of 7-9%. but they could be squeezed into a home by dropping that rate to 4.5%.
by creating that ceiling of 7-9%, vast majority of folks would still foreclose away.
I actually thought if this thing goes thru the decline would slow down a bit. if this 7-9% thing is true, then the show will go on without any disruptions.
December 2, 2007 at 7:42 AM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107358ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
but then this would be purely for show! the very reason for these subprime loans was because normal folks can’t afford to buy homes with normal rates of 7-9%. but they could be squeezed into a home by dropping that rate to 4.5%.
by creating that ceiling of 7-9%, vast majority of folks would still foreclose away.
I actually thought if this thing goes thru the decline would slow down a bit. if this 7-9% thing is true, then the show will go on without any disruptions.
ParticipantThey both sound depressed. And around four-ish, he interviewed the incoming prez of the National Mortgage Brokers Association. During that interview, George said, “Things have gone from bad to worse.” I think he has finally seen the light.
that’s about 2 years too late on that seeing the light thing.
ParticipantThey both sound depressed. And around four-ish, he interviewed the incoming prez of the National Mortgage Brokers Association. During that interview, George said, “Things have gone from bad to worse.” I think he has finally seen the light.
that’s about 2 years too late on that seeing the light thing.
ParticipantThey both sound depressed. And around four-ish, he interviewed the incoming prez of the National Mortgage Brokers Association. During that interview, George said, “Things have gone from bad to worse.” I think he has finally seen the light.
that’s about 2 years too late on that seeing the light thing.
ParticipantThey both sound depressed. And around four-ish, he interviewed the incoming prez of the National Mortgage Brokers Association. During that interview, George said, “Things have gone from bad to worse.” I think he has finally seen the light.
that’s about 2 years too late on that seeing the light thing.
ParticipantThey both sound depressed. And around four-ish, he interviewed the incoming prez of the National Mortgage Brokers Association. During that interview, George said, “Things have gone from bad to worse.” I think he has finally seen the light.
that’s about 2 years too late on that seeing the light thing.
ParticipantIt’s hard to explain, but they appeal to you on a much different level..a level that hits the heart strings of what good you can do whith the money that is made.
no blames here. let’s try to understand your point of view. So exactly how much money was promised to you. to each of the investors? and why was it such a good investment? where was all the profit going to come from?
ParticipantIt’s hard to explain, but they appeal to you on a much different level..a level that hits the heart strings of what good you can do whith the money that is made.
no blames here. let’s try to understand your point of view. So exactly how much money was promised to you. to each of the investors? and why was it such a good investment? where was all the profit going to come from?
ParticipantIt’s hard to explain, but they appeal to you on a much different level..a level that hits the heart strings of what good you can do whith the money that is made.
no blames here. let’s try to understand your point of view. So exactly how much money was promised to you. to each of the investors? and why was it such a good investment? where was all the profit going to come from?
ParticipantIt’s hard to explain, but they appeal to you on a much different level..a level that hits the heart strings of what good you can do whith the money that is made.
no blames here. let’s try to understand your point of view. So exactly how much money was promised to you. to each of the investors? and why was it such a good investment? where was all the profit going to come from?
ParticipantIt’s hard to explain, but they appeal to you on a much different level..a level that hits the heart strings of what good you can do whith the money that is made.
no blames here. let’s try to understand your point of view. So exactly how much money was promised to you. to each of the investors? and why was it such a good investment? where was all the profit going to come from?
Participantthis never was about realtor bashing. when I bash realtors I make sure to pull the capitalized and trademarked “REALTOR®.” and sdr and SDR have contributed way too much to ever deserve that.
I do echo the call for patience. just sit back for a moment and think about this. When in history have we seen homes drop $200-$300k just in a year? I remember my folks being unhappy when their equity in WestLA dropped by $30k from peak to valley from ’89 to ’96. good grief, they are STILL talking about it like it was yesterday. And now we see drops of $200k in a single year and people are throwing out quotes about how certain predictions weren’t met (in reference to the 4S REO).
Participantthis never was about realtor bashing. when I bash realtors I make sure to pull the capitalized and trademarked “REALTOR®.” and sdr and SDR have contributed way too much to ever deserve that.
I do echo the call for patience. just sit back for a moment and think about this. When in history have we seen homes drop $200-$300k just in a year? I remember my folks being unhappy when their equity in WestLA dropped by $30k from peak to valley from ’89 to ’96. good grief, they are STILL talking about it like it was yesterday. And now we see drops of $200k in a single year and people are throwing out quotes about how certain predictions weren’t met (in reference to the 4S REO).
-
AuthorPosts
