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: russwinter who wrote (24559)	1/13/2005 11:44:40 AM
From: John Vosilla	Read Replies (1) of 110194

<Subprime lenders offer higher-interest loans to borrowers with poor credit ratings who may not qualify for prime financing. Most subprime loans are resold on the secondary market.> One new trend surely must be the lack of new subprime loans in the bubble markets these days. Who could qualify for payments on an 8 or 9% loan at those prices? <"We are always looking for signs that some relative prices are out of line," Gramlich said. "It's certainly possible it's a bubble, but it's also possible, for various reasons, the cost of housing has shifted."> 1% option ARM programs qualifying most people at the initial payment rate with little or no down and the newfound belief that homes will appreciate at double digits each year has been the shift thanks in part to socialized government programs in Bush's new ownership society program. What happened to our new economy of only a few years ago?

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