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10-31-2007, 03:09 PM
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#1 |
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Piggy Bank
Join Date: Jul 2006
Posts: 59
Rep Power: 6  |
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 />
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10-31-2007, 03:09 PM
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#2 |
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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.
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10-31-2007, 03:09 PM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 35
Rep Power: 6 |
When the next housing boom starts, will there be a surge of subprime and ARM mortgages again?
HOPEFULLY BUT I BELEIVE WITH MORE RESTRICTIONS.
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10-31-2007, 03:09 PM
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#4 |
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Greenhorn
Join Date: Jul 2006
Posts: 26
Rep Power: 6 |
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... |
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10-31-2007, 03:09 PM
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#5 |
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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.
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10-31-2007, 03:09 PM
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#6 |
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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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