The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (35638)	7/8/2005 8:55:07 PM
From: ild	of 110194

<<<Is it possible that the house/ATM is running out of cash?>>> NO. The Fed has plenty of cash. -g- If you refer to NEW's negative growth it may be just increased competition from other bigger players. Lender's margins on subprime loans have been steadily going down. Spoke yesterday with a local realtor. I asked: how do people buy expensive houses. Answer: Option ARM program. For example this one: erate.com As you see it's in fact a negative amortization loan. I asked: how do banks qualify people? Do they use NegAm or some other payment. Answer: Stated income loans. No questions asked. Some banks have no penalty for stated income loans, other charge extra 1/8%.

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