Comments on: Real Estate meltdown – the day one http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/ Being in the flock of those who hate to be in the herd Sun, 06 Dec 2009 06:36:30 +0000 http://wordpress.com/ hourly 1 By: Cash Holder http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20299 Cash Holder Tue, 14 Aug 2007 07:45:13 +0000 http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20299 I may be wrong, but didn't you miss a 1/2% "adjustment" for a jumbo loan? Wouldn't the rate really be 8.4% I may be wrong, but didn’t you miss a 1/2%
“adjustment” for a jumbo loan? Wouldn’t the rate
really be 8.4%

]]> By: theroxylandr http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20288 theroxylandr Tue, 14 Aug 2007 03:53:20 +0000 http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20288 >>> Some may see this as the end of a bubble. I see it as the official death sentence for the Middle Class of America. This happened before. Anything can be fixed given enough time >>> Some may see this as the end of a bubble. I see it as the official death sentence for the Middle Class of America.

This happened before. Anything can be fixed given enough time

]]> By: Politics in the Zeros » Jumbo rates indeed http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20275 Politics in the Zeros » Jumbo rates indeed Mon, 13 Aug 2007 22:11:53 +0000 http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20275 [...] have just gone psychotic. Why? Because no one wants the risk and thus are pricing them high. Today Countrywide published their new matrix of mortgage quotes. Suppose you are a successful doctor with solid income, huge [...] [...] have just gone psychotic. Why? Because no one wants the risk and thus are pricing them high. Today Countrywide published their new matrix of mortgage quotes. Suppose you are a successful doctor with solid income, huge [...]

]]> By: SDHousehunter http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20274 SDHousehunter Mon, 13 Aug 2007 21:42:59 +0000 http://theroxylandr.wordpress.com/2007/08/13/real-estate-meltdown-day-one/#comment-20274 Close friend of mine heads a mortgage broker division on the East Coast. Recently, he stated that he has NO PRODUCTS for his clients. When I asked what percentage is busines down YOY? He replied, Its's down about 80%." Another friend heads an Auto finance division for a large dealership and looks at 100s of credit application per month. His synopsis, " I look at 100s of credit apps a month. Bottom Line: Nobody makes any money as far as salary. Some just manage their payments!" Today, banks are looking at 96 month loans for certain auto loan programs There is no way house prices can remain where they are and there exist no solutions but the long, painful lesson of a declining market. Some may see this as the end of a bubble. I see it as the officlal death sentence for the Middle Class of America. Close friend of mine heads a mortgage broker division on the East Coast. Recently, he stated that he has NO PRODUCTS for his clients. When I asked what percentage is busines down YOY? He replied, Its’s down about 80%.”

Another friend heads an Auto finance division for a large dealership and looks at 100s of credit application per month. His synopsis, ” I look at 100s of credit apps a month. Bottom Line: Nobody makes any money as far as salary. Some just manage their payments!” Today, banks are looking at 96 month loans for certain auto loan programs

There is no way house prices can remain where they are and there exist no solutions but the long, painful lesson of a declining market.

Some may see this as the end of a bubble. I see it as the officlal death sentence for the Middle Class of America.

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