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big$saver · 10-31-2007, 08:09 PM

Will we not learn from our mistakes?<br />

DPG · 10-31-2007, 08:09 PM

we're in a society of debtors --- of course we won't learn.

invest01 · 10-31-2007, 08:09 PM

HOPEFULLY BUT I BELEIVE WITH MORE RESTRICTIONS.

bort_saver · 10-31-2007, 08:09 PM

When the next president comes into office, will he/she serve two terms or one?

What do you mean you don' know?

Then I guess it is hard to say if ARM products and sub-prime will make a rebound too. If I had guess, I would say you will see more and more FHA programs rolled out....but that is just my guess...

DPG · 10-31-2007, 08:09 PM

Some of the acceptance of the worst terms in those deals was based on speculation. Some people always get bruned in a speculative frenzy. Greenspan called it "irrational exhuberance" I thought that a nice turn of phrase. Look for fewer people to participate in the next round of speculation on this exact opportunity, but look for them to continue to overshoot a good thing someplace else instead.

alexanra · 10-31-2007, 08:09 PM

The consumer is mistaken if they feel the arm is the culprit in the latest fiasco. Arms, when qualified correctly, have been a decent product to consumers. But when you combine sub-prime loans, and the lenders who did not inform the consumers of the type of loan they were getting, and associated pre-payment penalties in these products. This equates to the situation at hand. Hopefully, a more informed consumer will result in lender notification with clarity, will help to negating the possibility of history repeating itself!

10-31-2007, 08:09 PM	#1 (permalink)
big$saver Piggy Bank Join Date: Jul 2006 Posts: 59 Rep Power: 3	When the next housing boom starts, will there be a surge of subprime and ARM mortgages again? Will we not learn from our mistakes?<br />

10-31-2007, 08:09 PM	#2 (permalink)
DPG Greenhorn Join Date: Jul 2006 Posts: 10 Rep Power: 0	When the next housing boom starts, will there be a surge of subprime and ARM mortgages again? we're in a society of debtors --- of course we won't learn.

10-31-2007, 08:09 PM	#3 (permalink)
invest01 Greenhorn Join Date: Jul 2006 Posts: 35 Rep Power: 3	When the next housing boom starts, will there be a surge of subprime and ARM mortgages again? HOPEFULLY BUT I BELEIVE WITH MORE RESTRICTIONS.

10-31-2007, 08:09 PM	#4 (permalink)
bort_saver Greenhorn Join Date: Jul 2006 Posts: 26 Rep Power: 3	When the next housing boom starts, will there be a surge of subprime and ARM mortgages again? When the next president comes into office, will he/she serve two terms or one? What do you mean you don' know? Then I guess it is hard to say if ARM products and sub-prime will make a rebound too. If I had guess, I would say you will see more and more FHA programs rolled out....but that is just my guess...

10-31-2007, 08:09 PM	#5 (permalink)
DPG Greenhorn Join Date: Jul 2006 Posts: 10 Rep Power: 0	When the next housing boom starts, will there be a surge of subprime and ARM mortgages again? Some of the acceptance of the worst terms in those deals was based on speculation. Some people always get bruned in a speculative frenzy. Greenspan called it "irrational exhuberance" I thought that a nice turn of phrase. Look for fewer people to participate in the next round of speculation on this exact opportunity, but look for them to continue to overshoot a good thing someplace else instead.

10-31-2007, 08:09 PM	#6 (permalink)
alexanra Greenhorn Join Date: Jul 2006 Posts: 9 Rep Power: 0	When the next housing boom starts, will there be a surge of subprime and ARM mortgages again? The consumer is mistaken if they feel the arm is the culprit in the latest fiasco. Arms, when qualified correctly, have been a decent product to consumers. But when you combine sub-prime loans, and the lenders who did not inform the consumers of the type of loan they were getting, and associated pre-payment penalties in these products. This equates to the situation at hand. Hopefully, a more informed consumer will result in lender notification with clarity, will help to negating the possibility of history repeating itself!

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