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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: philv who wrote (36296)7/19/2005 11:38:51 AM
From: loantech  Read Replies (1) of 110194
 
Thank you. That makes sense somewhat. I guess it does until it doesn't work. I have spent the last 21 years in the home loan business. Unreal the way things are twisted to qualify buyers and how much credit people are willing to take on. I don't see much if any of it getting paid back. How does a regular middle of the roader expect to pay back $250,000 or $450,000 on a mortgage when they constantly refi their balance? And if the economy turns down refi's will be out and wages fall......... BWTHDIK?
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