[patientrenter]

sdr, leverage only increases the return as long as lenders agree to charge less (after tax) than the rate of (after tax) increase in home prices. This ‘free money’ may be less free in the future, unless government guarantees, explicit or implicit, are further extended to insure the lenders against loss. Lenders have been supplying most of the money, and taking most of the risks. They may eventually get smarter.

Patient renter in OC

[patientrenter]

sdr, leverage only increases the return as long as lenders agree to charge less (after tax) than the rate of (after tax) increase in home prices. This ‘free money’ may be less free in the future, unless government guarantees, explicit or implicit, are further extended to insure the lenders against loss. Lenders have been supplying most of the money, and taking most of the risks. They may eventually get smarter.

Patient renter in OC

[patientrenter]

Don’t forget the mortgage servicers can modify the loans down to the level at which they can be kept current… for a while longer.

Patient renter in OC

[patientrenter]

Don’t forget the mortgage servicers can modify the loans down to the level at which they can be kept current… for a while longer.

Patient renter in OC

[patientrenter]

Don’t forget the mortgage servicers can modify the loans down to the level at which they can be kept current… for a while longer.

Patient renter in OC

[patientrenter]

gael, there are other blogs that handle requests for lending sources for specific situations. This blog is more of a discussion forum on home price trends. We tend to consider things like loan standards only in so far as they affect the general market, not one person.

Patient renter in OC

[patientrenter]

gael, there are other blogs that handle requests for lending sources for specific situations. This blog is more of a discussion forum on home price trends. We tend to consider things like loan standards only in so far as they affect the general market, not one person.

Patient renter in OC

[patientrenter]

vrudny, good moves! I remember getting irritated years and years ago whenever gas prices went up. Then I realized I could buy an oil stock and ‘hedge’ my gas bills. For over 10 years now, I haven’t cared one whit when gas prices go up or go down. Problem solved.

Your moves sound similar. You get irritated by certain self-damaging behaviors of the general US population, but then you set yourself up to make money off the predictable consequences. It’s a hedge, a “citizen of the world” approach. I am learning to do the same thing, but it takes an effort. E.g. I am kicking myself for not bothering to set up an account to buy yen futures months ago to hedge my stock portfolio, or taking personal advantage of my knowledge of interest rates and credit spreads and mortgage lender risk. Next time….

Enjoy those beers!

Patient renter in OC

[patientrenter]

vrudny, good moves! I remember getting irritated years and years ago whenever gas prices went up. Then I realized I could buy an oil stock and ‘hedge’ my gas bills. For over 10 years now, I haven’t cared one whit when gas prices go up or go down. Problem solved.

Your moves sound similar. You get irritated by certain self-damaging behaviors of the general US population, but then you set yourself up to make money off the predictable consequences. It’s a hedge, a “citizen of the world” approach. I am learning to do the same thing, but it takes an effort. E.g. I am kicking myself for not bothering to set up an account to buy yen futures months ago to hedge my stock portfolio, or taking personal advantage of my knowledge of interest rates and credit spreads and mortgage lender risk. Next time….

Enjoy those beers!

Patient renter in OC

[patientrenter]

Wow, vrudny, do you have some untreated anger? Got get a beer and sit under the stars. Then think about changes you can make tomorrow in your own life that would let you appreciate the good things you have now, and look forward to more in the future. Life can be what we make of it, not what others do to us.

Not that I necessarily disagree with what you said… I just think you may be letting it overwhelm your more positive potential.

Patient renter in OC

[patientrenter]

Wow, vrudny, do you have some untreated anger? Got get a beer and sit under the stars. Then think about changes you can make tomorrow in your own life that would let you appreciate the good things you have now, and look forward to more in the future. Life can be what we make of it, not what others do to us.

Not that I necessarily disagree with what you said… I just think you may be letting it overwhelm your more positive potential.

Patient renter in OC

[patientrenter]

Where are loan mods?

HLS, where does a loan modification fit in your classification scheme? Is that included under Option 2? If it is, then why would the lender apply the same standards they’d use for a new loan? Lenders as a group may make a macro bet that loan mods are cheaper than selling everything into a slump.

Patient renter in OC

[patientrenter]

Where are loan mods?

HLS, where does a loan modification fit in your classification scheme? Is that included under Option 2? If it is, then why would the lender apply the same standards they’d use for a new loan? Lenders as a group may make a macro bet that loan mods are cheaper than selling everything into a slump.

Patient renter in OC

[patientrenter]

That’s a $400,000 gross loss, more net. Almost 40% down the crapper. That schadenfreude feels soooo gooood… Sometimes it’s good to just wallow.

Thanks, SDR.

Patient renter in OC

[patientrenter]

That’s a $400,000 gross loss, more net. Almost 40% down the crapper. That schadenfreude feels soooo gooood… Sometimes it’s good to just wallow.

Thanks, SDR.

Patient renter in OC

[Author]

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