[pnilesh]

Quite frankly, I don’t think this will work out well. The whole problem startde due to subprime mess. According to BanK of America, many subprime borrowers defaulted on their home loan even before their loan reset.

Refer to the WSJ paper a few weekends back. Freezing the rates will only help a few borrowers. Since the dollar is depreciating, there is an upward pressure on inflation. The salaries aren’t rising as fast as the gas prices are.

This will suck up $$$ out of our wallets and subprime borrowers will likely be hit hard. To give FBs more $$$, congress is proposing an additional tax cut. But that won’t help either because subprime borrowers have a well known history of default and giving extra $$$ to them is like giving alms to them.

MY guess is that this patch is not the right patch.

What do you think of my analysis?

[pnilesh]

Quite frankly, I don’t think this will work out well. The whole problem startde due to subprime mess. According to BanK of America, many subprime borrowers defaulted on their home loan even before their loan reset.

Refer to the WSJ paper a few weekends back. Freezing the rates will only help a few borrowers. Since the dollar is depreciating, there is an upward pressure on inflation. The salaries aren’t rising as fast as the gas prices are.

This will suck up $$$ out of our wallets and subprime borrowers will likely be hit hard. To give FBs more $$$, congress is proposing an additional tax cut. But that won’t help either because subprime borrowers have a well known history of default and giving extra $$$ to them is like giving alms to them.

MY guess is that this patch is not the right patch.

What do you think of my analysis?

[pnilesh]

Quite frankly, I don’t think this will work out well. The whole problem startde due to subprime mess. According to BanK of America, many subprime borrowers defaulted on their home loan even before their loan reset.

Refer to the WSJ paper a few weekends back. Freezing the rates will only help a few borrowers. Since the dollar is depreciating, there is an upward pressure on inflation. The salaries aren’t rising as fast as the gas prices are.

This will suck up $$$ out of our wallets and subprime borrowers will likely be hit hard. To give FBs more $$$, congress is proposing an additional tax cut. But that won’t help either because subprime borrowers have a well known history of default and giving extra $$$ to them is like giving alms to them.

MY guess is that this patch is not the right patch.

What do you think of my analysis?

[pnilesh]

Quite frankly, I don’t think this will work out well. The whole problem startde due to subprime mess. According to BanK of America, many subprime borrowers defaulted on their home loan even before their loan reset.

Refer to the WSJ paper a few weekends back. Freezing the rates will only help a few borrowers. Since the dollar is depreciating, there is an upward pressure on inflation. The salaries aren’t rising as fast as the gas prices are.

This will suck up $$$ out of our wallets and subprime borrowers will likely be hit hard. To give FBs more $$$, congress is proposing an additional tax cut. But that won’t help either because subprime borrowers have a well known history of default and giving extra $$$ to them is like giving alms to them.

MY guess is that this patch is not the right patch.

What do you think of my analysis?

[pnilesh]

Quite frankly, I don’t think this will work out well. The whole problem startde due to subprime mess. According to BanK of America, many subprime borrowers defaulted on their home loan even before their loan reset.

Refer to the WSJ paper a few weekends back. Freezing the rates will only help a few borrowers. Since the dollar is depreciating, there is an upward pressure on inflation. The salaries aren’t rising as fast as the gas prices are.

This will suck up $$$ out of our wallets and subprime borrowers will likely be hit hard. To give FBs more $$$, congress is proposing an additional tax cut. But that won’t help either because subprime borrowers have a well known history of default and giving extra $$$ to them is like giving alms to them.

MY guess is that this patch is not the right patch.

What do you think of my analysis?

[pnilesh]

Here is the link for the rate cut. This one came in today.

http://money.cnn.com/2007/11/30/real_estate/ARM_rate_freeze/index.htm?postversion=2007113016

From the news I gathered the following:

1. Judging from other lenders’ plans, a reset freeze would be available only to those borrowers judged unable to make payments at the reset rates.

2. Borrowers for whom loans are unaffordable even at the initial rates would likely not qualify

3. And borrowers with enough income to pay the higher reset rates may also not qualify for a freeze. Many of these good payers, however, have the option of refinancing.

[pnilesh]

Here is the link for the rate cut. This one came in today.

http://money.cnn.com/2007/11/30/real_estate/ARM_rate_freeze/index.htm?postversion=2007113016

From the news I gathered the following:

1. Judging from other lenders’ plans, a reset freeze would be available only to those borrowers judged unable to make payments at the reset rates.

2. Borrowers for whom loans are unaffordable even at the initial rates would likely not qualify

3. And borrowers with enough income to pay the higher reset rates may also not qualify for a freeze. Many of these good payers, however, have the option of refinancing.

[pnilesh]

Here is the link for the rate cut. This one came in today.

http://money.cnn.com/2007/11/30/real_estate/ARM_rate_freeze/index.htm?postversion=2007113016

From the news I gathered the following:

1. Judging from other lenders’ plans, a reset freeze would be available only to those borrowers judged unable to make payments at the reset rates.

2. Borrowers for whom loans are unaffordable even at the initial rates would likely not qualify

3. And borrowers with enough income to pay the higher reset rates may also not qualify for a freeze. Many of these good payers, however, have the option of refinancing.

[pnilesh]

Here is the link for the rate cut. This one came in today.

http://money.cnn.com/2007/11/30/real_estate/ARM_rate_freeze/index.htm?postversion=2007113016

From the news I gathered the following:

1. Judging from other lenders’ plans, a reset freeze would be available only to those borrowers judged unable to make payments at the reset rates.

2. Borrowers for whom loans are unaffordable even at the initial rates would likely not qualify

3. And borrowers with enough income to pay the higher reset rates may also not qualify for a freeze. Many of these good payers, however, have the option of refinancing.

[pnilesh]

Here is the link for the rate cut. This one came in today.

http://money.cnn.com/2007/11/30/real_estate/ARM_rate_freeze/index.htm?postversion=2007113016

From the news I gathered the following:

1. Judging from other lenders’ plans, a reset freeze would be available only to those borrowers judged unable to make payments at the reset rates.

2. Borrowers for whom loans are unaffordable even at the initial rates would likely not qualify

3. And borrowers with enough income to pay the higher reset rates may also not qualify for a freeze. Many of these good payers, however, have the option of refinancing.

[pnilesh]

It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

[pnilesh]

It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

[pnilesh]

It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

[pnilesh]

It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

[pnilesh]

It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

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